Does an IVA cover secured loans?

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gareth.js

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Post by gareth.js » Thu Aug 19, 2010 10:07 pm
Does an IVA cover secured loans?
 
 

Adam Davies

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Post by Adam Davies » Thu Aug 19, 2010 10:11 pm
Hi
No, but if there is a shortfall following the sale or repossession of the security an IVA may be used to deal with the shortfall
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Andam Davies
 
 

kallis3

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Post by kallis3 » Thu Aug 19, 2010 10:12 pm
Hi and welcome.

You can't include them in the IVA as such, but you will be allowed to pay them alongside it.
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
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