Can i add my loan to my IVA?

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barnes
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by barnes » Wed Jul 26, 2017 12:37 pm
I got a guarantor loan an am now joining an iva, can I add this loan onto it however my guarantor has sadly passed away.
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Foggy
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by Foggy » Wed Jul 26, 2017 12:48 pm
Every unsecured loan has to be included, including those with a guarantor. In these circumstances the creditor will be unable to pursue the guarantor, but might have a claim on their estate. You need to explain the situation to your IP at the outset.
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Michael Peoples
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by Michael Peoples » Wed Jul 26, 2017 1:01 pm
Some guarantor loan companies are tricky creditors so you need to discuss everything with your IP. If the guarantor had no estate then this is not an issue and the IVA could protect you.
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luluj
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by luluj » Wed Jul 26, 2017 6:01 pm
Please talk to your chosen IP and see if they can work it around to be included.
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