Will an IVA just cover Personal loans & credit

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craigm

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Post by craigm » Wed Nov 12, 2008 3:21 pm
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Will an IVA just cover Personal loans & credit cards or can bank overdrafts and CCJ's be included too?
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aguise

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Post by aguise » Wed Nov 12, 2008 3:29 pm
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Hi Craig and welcome to the forum.
An iva covers all unsecured debt, that includes overdrafts and credit cards, loans. Not anything that is secured against an asset such as a house.

Ang
Please visit my blog at http://aguise.blogs.iva.co.uk/
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craigm

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Post by craigm » Wed Nov 12, 2008 3:58 pm
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Thanks for your response.

So does this also mean that my CCJ's will be part of the IVA?
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kallis3

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Post by kallis3 » Wed Nov 12, 2008 4:40 pm
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Hi and welcome,

I think that CCJ's are included.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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MelanieGiles

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Post by MelanieGiles » Wed Nov 12, 2008 4:56 pm
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Your CCJs will definately be included in your IVA proposal, but you should continue to make any payments into Court until this has been accepted by creditors.
Regards, Melanie Giles, Insolvency Practitioner
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