Can you have more than 1 IVA?

Get expert opinion. This is the place for new questions to be posted.
5 posts Page 1 of 1

barbara399

User avatar
Posts: 1
Joined: Wed Oct 09, 2019 12:28 pm

Post by barbara399 » Wed Oct 09, 2019 12:28 pm
Can I have 2 IVA's?

kallis3

User avatar
Forum Expert
Posts: 75061
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Wed Oct 09, 2019 12:33 pm
You can have another IVA - why do you need one? I doubt you can have two going at the same time.
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

Foggy

User avatar
Forum Expert
Posts: 29626
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed Oct 09, 2019 12:42 pm
You can have an IVA after having had one in the past. You cannot have two at the same time. Indeed, this would be impossible, as ALL unsecured debt has to be declared and included in an IVA, so there would be no debt to be in the 2nd IVA. Any new debt incurred during the IVA will mean that the arrangement could fail.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Lisa Thomas

User avatar
Industry Expert
Posts: 7522
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Thu Oct 10, 2019 8:35 am
Not at the same time.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

Lisa Thomas

User avatar
Industry Expert
Posts: 7522
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Thu Oct 10, 2019 8:35 am
Are you in an IVA now? Have you incurred more 'new' debt?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”