www.iva.co.uk

Posted: **Mon May 28, 2007 6:42 pm**

What if i have recently taken out a loan? will i still be able to include this in the iva or is there a time limit from getting the loan to taking out an iva?

Posted: **Mon May 28, 2007 7:10 pm**

Hi
You can but it is likely that the creditor will reject your IVA proposal.What did you use the money for ?? was it debt consolidation ?? How much is the loan for and what is your total unsecured debt ??

Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp

Posted: **Mon May 28, 2007 9:33 pm**

Hi bulletproof I did reply but posted on the wrong one have a look at the post Help I need some advice.

Ang

Posted: **Mon May 28, 2007 9:34 pm**

Need some brains the post is Please I need advice

Ang

Posted: **Mon May 28, 2007 9:44 pm**

Hi bulletproof

There is no finite time limit after taking out a loan before proposing an IVA, but as Andy says the creditor who has given you the loan might be a tad upset - especially if their money has been used to pay off other creditors. If the new loan is less than 25% of your aggregate debt, then a rejecting vote can always be outvoted.

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: **Tue May 29, 2007 12:28 pm**

You will have to include all unsecured loans into your IVA proposal. If you have taken out a loan recently and it forms more than 25% of your total unsecured debt you could experience the problems mentioned above. However, if the loan was taken out in good faith then it should be possible for your IP to get your case accepted.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

Posted: **Tue May 29, 2007 2:46 pm**

I agree with both experts above, all unsecured debt should be included in your IVA no matter what date it was taken out.

If you could answer the questions mentioned by Andy Davie then this would really help us advise further.

Best Regards. IVA Experts

Posted: **Tue May 29, 2007 2:49 pm**

Hi Bulletproof,

As previously stated by the other experts you would need to include your loan into the IVA. It is true that creditors can look unfavorably to loans under 12 months old but this is not always the case.

Kind Regards

Nicola

Finebridge Ltd
22 Laud Street, Croydon, CR0 1SU
0800 180 4212
www.finebridge.co.uk

www.iva.co.uk

will i be able to include recent loan in IVA