If I settle my IVA early through an agreed settlement figure, what happens to the guarantor of the loan that was included in my IVA? Would she still be chased by the bank for the balance or would she also be free of this debt too?

Thank you to everyone for your comments. I think the best thing to do as suggested is to talk to my IP and also seek some legal advice which I will do today. Kind regards, Val

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by Michael Peoples No creditor can be treated better than another and I doubt if this document would hold water. Effectively this creditor was bribed to vote yes and will benefit more than the other credi...

Hi, thank you so much for all the replies so far. I am very happily surprised and overwhelmed by all the support : ) To answer some of the queries above, he refused to vote yes for the IVA and both myself and the IVA company spoke with him several times to explain that the IVA was the only way that ...

Hi, I would just like some advice please. During the set up stage of my IVA one of my creditors (a friend that had lent me money) refused to sign the IVA proposal. He held the majority vote so without it I would have faced bankruptcy. During this really stressful time he pressured me to sign a separ...