what are my obligations to new creditors?

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achdunlop

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Post by achdunlop » Thu Jun 17, 2010 3:49 pm
I am registered as an IVA. If a new creditor or one that was not registered at the time pursues me for payment, what are the rules in giving preference to the listed creditors and what are my obligations to the new creditors. The bills in question were small utilities bills for less than £200 from a previously owned property.
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Michael Peoples

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Post by Michael Peoples » Thu Jun 17, 2010 3:57 pm
Hi Achdunlop and welcome to the Forum.
If the debts are pre IVA they would be included and you should notify your IP even if they were not listed in the original proposal. If they are post IVA debts they should have been paid on time and they can pursue you to recover the money. It may be best if this is the case to ask your IP to miss a payment to clear these debts are the amounts involved are not huge at the moment but could get very high if legal action starts.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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