Do guarantor loans get included in IVA's

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roisin

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Post by roisin » Mon Jan 07, 2019 10:20 am
I have 2 guarantor loans, if I enter into Iva will this debt fall to my guarantor to pay or will it be included in Iva?

Foggy

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Post by Foggy » Mon Jan 07, 2019 10:25 am
roisin wrote:
I have 2 guarantor loans, if I enter into Iva will this debt fall to my guarantor to pay or will it be included in Iva?
They will be included in the IVA but the creditor will also look to the guarantor to repay the loans.
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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Lisa Thomas

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Post by Lisa Thomas » Mon Jan 07, 2019 11:30 am
You guarantor needs to be prepared for the debts to be called in, if your IVA is accepted.
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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