Would I be able to add debt to my IVA?

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1


User avatar
Posts: 9
Joined: Sun Jan 17, 2010 6:35 pm

Post by debbie.pgpegg » Sun Aug 08, 2010 3:39 pm
I have been in an IVA for a year and a half.
I declared all of my credit card debts and loans bar one Sainsburys creditcard. I only owed 500 on this and thought I could payit off easily but I am now struggling. Would I be able to contactmy IVA company and add it to my Iva Debt?


User avatar
Forum Expert
Posts: 77170
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sun Aug 08, 2010 3:45 pm
This should have been included from the outset.

You need to speak to your IP and tell them about it.
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.
Bob Marley.


User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am

Post by MelanieGiles » Sun Aug 08, 2010 10:45 pm
As Jan says, your IP will need a good explanation as to why this debt was left out of the IVA in the first place.
Regards, Melanie Giles, Insolvency Practitioner


User avatar
Forum Expert
Posts: 9562
Joined: Wed May 21, 2008 12:45 pm
Location: United Kingdom

Post by plasticdaft » Mon Aug 09, 2010 9:41 am
This in a rather harsh way proves a point in that ALL debt should be declared to your IP and I am sure Debbie now understands that concealing a debt doesnt do you any favours.

Debbie,how much do you owe on the card now? If you have been using it for day to day expenses then your IVA income and expenditure needs looked at.
It is hard to give up all lines of credit when entering an IVA,especially when you think keeping just one card for emergencies is the right thing to do,but you cannot do it,simple as that.

Talk to your IP ASAP and be open and honest about why you kept the card.

Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”