www.iva.co.uk

Posted: **Mon Aug 20, 2007 10:29 am**

Can I instigate an IVA via my local Independent Financial Adviser, whom I am about to contact for initial advice regarding consolidation of my debts.

Posted: **Mon Aug 20, 2007 11:16 am**

Hi rob v and welcome to the forum

Not unless he is a Licensed Insolvency Practitioner, which I feel is unlikely!

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

Posted: **Mon Aug 20, 2007 11:39 am**

Thanks for that reply, Melanie.
Have spoken to my IFA who feels that I have adequate equity on my property to cover my debts, thus avoiding the need for an IVA and the subsequent effect on my credit rating, so I have agreed to explore this further.
I can see how this may be a better alternative as my IFA will also approach my creditors for a suitable settlement figure.
Regards,
Robert.

Posted: **Mon Aug 20, 2007 11:54 am**

Good luck - if you are not insolvent an IVA is irrelevant in the first place.

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