If I undertake an IVA

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chris_e

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Post by chris_e » Sat Apr 07, 2007 10:13 pm
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I HAVE DEBTS OF AROUND 50000 POUNDS, BUT I WISH TO AVOID SELLING MY CAR IF I UNDERTAKE AN IVA..IS THIS AVOIDABLE?
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MelanieGiles

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Post by MelanieGiles » Sat Apr 07, 2007 11:49 pm
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Hi chris and welcome to the forum

That depends upon its value, but so long as you are talking about something worth up to say £8,000, which is needed for transport to and from work, this is not usually a problem.

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

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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