Can a car loan be included an an IVA?

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emma810

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Post by emma810 » Sun Jul 14, 2019 7:24 am
Hi
Can a car loan be included in a IVA

Foggy

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Post by Foggy » Sun Jul 14, 2019 8:17 am
It depends on the type of loan. If it was a cash advance, which could have bought anything, then yes. But, if it is actually secured on the car, then no.
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IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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luluj

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Post by luluj » Sun Jul 14, 2019 7:04 pm
You need to check your terms if the loan too - since have clauses to take the car back should insolvency of any kind occurs.
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