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Will I still be liable for debt tO creditors who didn't accept my IVA?
Posted: Wed Jun 26, 2019 12:31 pm
by Suzi58
If some of my creditors haven’t accepted the Iva approx £5.000 in total does this mean I will be liable for these debts at the end 3.5 years left to go ?
Re: <t>Will I still be liable for debt tO creditors who didn't accept my IVA?</t>
Posted: Wed Jun 26, 2019 12:44 pm
by kallis3
No, all creditors are included and cannot chase you afterwards.
Re: <t>Will I still be liable for debt tO creditors who didn't accept my IVA?</t>
Posted: Wed Jun 26, 2019 3:13 pm
by Foggy
As long as they are listed in the IVA paperwork as creditors then they are bound by it whether they voted no or didn't vote at all.
Re: <t>Will I still be liable for debt tO creditors who didn't accept my IVA?</t>
Posted: Wed Jun 26, 2019 3:59 pm
by Suzi58
I don’t think they voted in it got took over last year to freeman jones everything seams so different than before.
Re: <t>Will I still be liable for debt tO creditors who didn't accept my IVA?</t>
Posted: Wed Jun 26, 2019 4:18 pm
by kallis3
If they were included in your IVA then they will not be able to claim. Check your paperwork.
Re: <t>Will I still be liable for debt tO creditors who didn't accept my IVA?</t>
Posted: Thu Jun 27, 2019 9:10 pm
by advisor
The usual terms in a proposal state that creditors who didn't receive notice of your proposal are still bound by the terms of the arrangement. Depending on the estimated claim amount of additional creditor(s) it may result in a creditors' meeting to vary the proposal.
Re: <t>Will I still be liable for debt tO creditors who didn't accept my IVA?</t>
Posted: Thu Jun 27, 2019 9:29 pm
by kallis3
As stated - all creditors will be included whether they vote or not.