Just a quick question.
Say for instance I approached an IP and told him I had £50K worth of debt which I had no proof for, as in cash in hand debts with no paperwork. Say also, I had £50K worth of debt with paperwork and agreements which could be proved.
If he went on to do an IVA for me, is it OK for him to include the whole £100K or should he only put the £50K I had proof for?
The Nominee has to ensure they are satisfied that all the material information is correct. If they can't verify a significant debt of £50k I wouldn't be able to recommend the IVA or confirm that I believe all the information is true.
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