what kind of debts do you include?

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shell

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Post by shell » Fri Jun 22, 2007 6:37 am
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what kind of debts do you include? is hire purchase for a car included or not?
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Welsh Boy

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Post by Welsh Boy » Fri Jun 22, 2007 7:02 am
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Hello shell

If you meaning what debts re IVA I think you would be talking about unsecured debt not debt secured against your vehicle or property. Tony
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MelanieGiles

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Post by MelanieGiles » Fri Jun 22, 2007 6:33 pm
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Hi shell

An IVA only takes account of unsecured creditors, so your car hire purchase agreement - which is secured against the value of the car - cannot be included and you will need to maintain ongoing payments throughout the IVA.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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