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Posted: Mon May 06, 2013 1:18 pm
by Jenny.cg
Hi I am going to have to do an IVa but 2 months ago ordered sofas from DFS and deferred the first payment until jan 2013. Apparently this needs to be included in my IVA as its a fixed sum loan agreement through Creation. My sofas are due to be delivered in 2 weeks and I dont know if I'll get them or not as Creation are also one of my creditors. Should I hold off until the sofas come and what will happen to them if I do an IVA after this? It says on the agreement I need Creations permission to enter into an agreement with creditors but I'm committed to thesofas with DFS and have no other way of paying
Posted: Mon May 06, 2013 1:34 pm
by Adam Davies
Hi
If the Sofas can't be cancelled then yes they will be included in your IVA agreement and guessing that they are a minority creditor it will not affect your IVA outcome if they reject
Regards
Posted: Mon May 06, 2013 2:44 pm
by plasticdaft
At least you'll be comfy for the duration of your iva!!!
Paul
Posted: Mon May 06, 2013 2:55 pm
by mitch2311
Same thing kinda happened to me, ordered a new sofa from DFS also and three weeks after the sofa arrived my iva was accepted. Felt guilty as my sofa debt went into the iva, when i went and got the sofa i managed to get them to knock £250 off it. What with the IVA im basically paying a third of it back