IVA and guarantor loan

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steph604

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Post by steph604 » Fri Sep 21, 2018 5:50 am
I would like to enter into an IVA but have a guarantor loan I would like to keep out of it as my guarantor is in a terrible financial position himself. Is this possible at all?

Foggy

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Post by Foggy » Fri Sep 21, 2018 6:45 am
In an IVA all unsecured debt has to be included -- you cannot pick and choose. The debt will then fall to your gurantor to repay. How much are the repayments ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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