Can you have more than 1 IVA?

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barbara399

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

kallis3

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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

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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

Lisa Thomas

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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

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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
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