I've been rejected for an iva due to credit union

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donna934

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Post by donna934 » Wed Jun 16, 2021 9:25 am
I've been rejected for an Iva because I owe credit union is there away around this

kallis3

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Post by kallis3 » Wed Jun 16, 2021 9:57 am
Credit Union are not IVA friendly - how much of the vote did they hold? Have your company suggested anything else?
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.
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Foggy

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Post by Foggy » Wed Jun 16, 2021 10:04 am
Did all of your creditors vote ? Maybe your IP can persuade some others to say yes, to try to outvote the credit union.

What is the total of your debts and, of that, how much do you owe the CU? Could a DRO or Bankruptcy be an option? Other than than, for a breathing space see if you can get a Debt Management Plan organised.
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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