Can an IVA help us with secured debts?

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c_v

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Post by c_v » Mon Oct 01, 2007 12:49 pm
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Can an IVA help us with secured debts?
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Lisa2009

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Post by Lisa2009 » Mon Oct 01, 2007 12:56 pm
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I think it's only unsecured debts that can be dealt with in an IVA.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


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mikebdomain

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Post by mikebdomain » Mon Oct 01, 2007 1:01 pm
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Skint is right secured debt can not be delt with by an IVA

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Oliver

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Post by Oliver » Mon Oct 01, 2007 2:46 pm
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Only unsecured debts can be included in an IVA but there can be a provision made for you to continue paying your monthly commitments to secured loans.

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Oliver

Thomas Charles and Co Ltd.
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MelanieGiles

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Post by MelanieGiles » Mon Oct 01, 2007 2:48 pm
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And don't forget that if there is any shortfall on secured loans this will rank as an unsecured creditor, and can thus influence the decision of your IVA.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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