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Posted: Thu Nov 08, 2012 9:26 pm
by mjo3124
i have a dti loan (9) years old with 20k left on it, £6250 business oD and 25k of credit cards that accumulated to support the struggling business - If I apply for an IVA can I include the dti loan as I was a sole trader not a PLC
Posted: Thu Nov 08, 2012 10:51 pm
by MelanieGiles
Yes this loan can and should be included into an IVA. Do you have other debts as well?
Posted: Fri Nov 09, 2012 2:43 pm
by mjo3124
only some equipment finance that is almost ended - I do have about £5k owing to hsbc as a personal loan and 45k secured against my house (leaving no equity)
Posted: Fri Nov 09, 2012 3:10 pm
by MelanieGiles
The secured creditor will probably want to rely on their security if an IVA were to be proposed, but you should include all other debts.