Can I just include my larger debts in an IVA?

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marietta

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Post by marietta » Fri Jul 19, 2019 7:57 am
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Do I have to include all my credit/store cards to be eligible for an iva or can I just do the larger amounts I owe.
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Shaun Vickery

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Post by Shaun Vickery » Fri Jul 19, 2019 8:04 am
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One of the other experts will be able to confirm but, as far as I know, an IVA has to include all unsecured debts. Otherwise it would favour some of your creditors over others in terms of the amount they will receive back.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.

For individual, confidential mortgage advice see my details under the IVA Experts or go to http://clients.theselectpartnership.co.uk/
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kallis3

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Post by kallis3 » Fri Jul 19, 2019 8:09 am
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Shaun is correct - all unsecured debt has to be included, you cannot pick and chose.
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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Shaun Vickery

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Post by Shaun Vickery » Fri Jul 19, 2019 8:11 am
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Marietta. if you are unsure about the pros and cons of entering an IVA I'd suggest seeking some professional advice.
Specialist Mortgage Advisers. Highly Commended at the British Mortgage Awards.

For individual, confidential mortgage advice see my details under the IVA Experts or go to http://clients.theselectpartnership.co.uk/
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Foggy

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Post by Foggy » Fri Jul 19, 2019 8:13 am
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As has been rightly said -- ALL unsecured debt has to be included in the arrangement.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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