Do guarantor loans get included in IVA's

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roisin
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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?
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Foggy
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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.
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Lisa Thomas
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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.
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