what happens if another debt surfaces

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James.09
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by James.09 » Sat Jan 23, 2010 12:44 am
Can someone tell me what happens if another debt not mentioned in an iva surfaces after it is underway?
does this get added?
the reason i ask is that i am not 100% sure i have details of everything i owe.
thanks

 

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MelanieGiles
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by MelanieGiles » Sat Jan 23, 2010 2:35 am
Hi there and welcome to the forum

You should really try and make sure that you include all debts James - get a copy of your credit file to check them off, but so long as you can demonstrate that a missed creditor was missed due to a genuine mistake, they will be bound by the terms of the IVA in any case - although this may affect the overall dividend payable.

 

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plasticdaft
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by plasticdaft » Sun Jan 24, 2010 12:53 am
When Mel says get a copy of your credit file make sure to get copies from the 3 companies,equifax,experian and the other one which someone will remind me of the name of,to ensure that ALL creditors are included to save hassle later on.

Call credit is the other one.

 

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kallis3
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by kallis3 » Sun Jan 24, 2010 9:44 am
Call Credit is the other one Paul.
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