What sort of debts are acceptable for IVA

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garethl

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Post by garethl » Mon Mar 17, 2008 3:37 pm
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Hello,

What sort of debts are acceptable to enter into an IVA? is it just loans/credit cards? can bills count such as council tax/domestic bills?

Do you have to be behind on payments to enter an IVA?

Can i pay off my parteners loan with an IVA?
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emma_t

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Post by emma_t » Mon Mar 17, 2008 3:44 pm
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Hi gareth and welcome to the forum

IVA's are for any UNSECURED credit you have personally eg credit cards, loas etc.
I would hang around for one of the experts to answer if council tax/ bills can be included as I am unsure.

You don't need to be behind on payments to enter an iva, most people are in fact up to date with things but robbing peter to pay paul.

I would think that all bills must be in your name and you can't include partner's loan if your name is not on the agreement, but again I would wait for an expert to clarify
Emma
Be positive & look after yourself, there are more important things in life than debts....

Best Wishes

Emma x
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emma_t

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Post by emma_t » Mon Mar 17, 2008 3:45 pm
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It may also help the experts if you can give more detail, eg;

do you own a home?
what is the amount of debt you are in?
what is your monthly disposible income after paying utilities and living expenses but not including credit repayments?

and I am sure someone will be along to answer soon
Be positive & look after yourself, there are more important things in life than debts....

Best Wishes

Emma x
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