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Posted: Tue Apr 24, 2007 12:53 pm
by tracie_b
would rent arrears be taken in to account as a debt?
Posted: Tue Apr 24, 2007 1:00 pm
by Oliver
Hello
Strictly rent arrears are an unsecured debt and could be included; however, if the arrears are with your current landlord, it would be usual for your IP to exclude this debt and allow you to pay back the money through a scheduled arrears payment as to include the rent arrears in your IVA could jepordise your accommodation. If the arrears are from a previous landlord these should be included in the IVA.
Best Regards
Oliver
Thomas Charles and Co Ltd.
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Posted: Tue Apr 24, 2007 1:04 pm
by freelili
Hi Tracie
Make sure you consider all of your options before committing to anything. I am not a financial expert just another person in debt.
Its a supportive place so dont be affraid to post more details.
LILY
fly me beyond the distant star, I will wish on tonight to see you smile just once more to know youre there.