can student loans be included?

[Kellie.76]

Hi, I have seen mixed messages on whether student loans can be included in an IVA - I owe £8000 and OH £5000? both are currently deferred. Has anyone included theirs?

thanks

[kallis3]

Hi,

I think they can still be included in an IVA, but not bankruptcy.

I would suggest that you take professional advice if you are thinking of an iva. Visit www.iva.com for a list of companies and reviews and give one or two a ring for free and impartial advice.

[Adam Davies]

Hi
Jan is correct, they must be included in an IVA proposal, however your IP can ask your other creditors to agree to exclude them from the IVA if the student loan company hold a deciding vote and are likley to reject
Regards

[MelanieGiles]

How much do you both owe to your total creditors respectively?

[Kellie.76]

Me = 40,500 - student loan = £8,000 of this
OH = 24,100 - student loan = £5,000 of this

thanks [:)]

[MelanieGiles]

If I were acting for you I would include those loans, as they are less than 25% in each case, so long as all of the other creditors vote in favour they will be bound by the terms of the IVAs even if they reject.

[kallis3]

Visit the link I posted or click on the expert link on the left hand side of the page and give one or two companies a ring.

[Kellie.76]

Thanks Melanie

Thanks Jan, I have called a couple but waiting for someone to get back to me

[kallis3]

Let us know how you are getting on, and any advice or support you need, there is usually someone on here.

[Julie]

Good luck Kellie [:)] and as Jan says, keep us updated xx

[zeozhane]

My student loan is being included however i have been advised that this is because it is dealt with by Thesis now rather than SLC.

Hope this helps

[Shining]

All the best and hope when the calls are returned they're helpful to you. The professionals who post on forum also come highly recommended and can be found via the experts link.

Let us know how you get on. x

[Adam Davies]

Hi
Student loans are now to be excluded from IVAs from the 6th April, this is so that they will now mirror how they are dealt with in bankruptcy
Makes sense
Regards

[MelanieGiles]

I agree - although I do wonder why HMG are preferring themselves all over again!

[Kellie.76]

Too late again then! [:(!]

How long does it normally take to get a response from the initial enquiries? not had any calls back yet? thanks