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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?
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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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You guarantor needs to be prepared for the debts to be called in, if your IVA is accepted.
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