Page 1 of 1
Posted: Thu Jun 12, 2008 9:34 pm
by alison.g
I have a car, sofa & TV on credit agreements. If i apply for an IVA will i have to send these items back to my creditors as i really need my car for work?
Posted: Thu Jun 12, 2008 9:37 pm
by TheMatrix
Short answer is no.
Posted: Thu Jun 12, 2008 9:38 pm
by MelanieGiles
Hi alison and welcome to the forum
Your sofa and TV are likely to be safe. With regard to the car it is usually permitted for you to continue to make the HP payments as an expense of the arrangement - so long as they are not excessive.