A good IP will try and build the cost of loking after your horse into your IVA - the same as other pets. Some posters on here have kept their horses whilst in an IVA, so they will hopefully give you more info.
Hi Petmanian, welcome to the forum.
You are allowed a small allowance for pets in an IVA, but it is relatively small. You would need to speak to an IP about whether any special dispensation could be allowed with regards to your horse as obviously the costs involved in looking after and feeding a horse are vastly more than they would be for a dog or cat.
Last edited by Goosed on Sat Jul 14, 2012 6:20 pm, edited 1 time in total.
"When the seagulls follow the trawler, it is because they think sardines will be thrown into the sea".
Certainly not. If your horse is a valued member of the family, which most pets are, then there should be no reason why creditors would want to see him sold. You will need to look carefully at his food and livery costs, but with good negotiation on the part of your an your IP this should not present a problem. I have several clients who have kept their horses having entered into IVAs.
Hi Petmanian. Have you spoken to any firms yet ? When you do make sure they are aware of the situation. To be honest, if they are not going to try to hard to incorporate the horse, how hard are they going to work on your behalf over the next 5 or 6 years ?
They might get outgunned by the creditors but you want an IP who will be in your corner.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
knock knock.
who's there?.
maybe it's a big horse.
maybe it's a big horse who?.
maybe it's a big horse i'm a londoner.............
i'll get my coat.
Aucto Splendore Resurgo.
IVA accepted May 2007.
Extended by 12 months in lieu of equity March 2012.
F+F offer accepted May 2012.
C of C received August 2012.
IVA dropped off credit file 24th May 2013.
The usual advice is speak to several companies before making a decision,look out for one who is sympathetic to your needs. I'm with Mel and happy,but there are many other excellent companies too,good luck[:)]
Aucto Splendore Resurgo.
IVA accepted May 2007.
Extended by 12 months in lieu of equity March 2012.
F+F offer accepted May 2012.
C of C received August 2012.
IVA dropped off credit file 24th May 2013.
Hi
I've kept mine for 3 years in our IVA. I started with BE and am now with GT. Both companies have listened and although I have a scarily low allowance for our pets! It has touch wood been managable. I have made adjustments like cancelling insurance and relying on family and horsey friends for extra vet / farrier etc money when it's been necessary. Fencing is looking rough after 3 years with no repairs and we have gained miles of electric fencing to compensate. Hay was a massive problem and GT were brilliant about giving me a payment break to save and pay to make my own hay as they understood that it in the long run I would save £600 by making my own which would mean I could keep making the agreed payments. I made extra hay and sold it to make up for the payment break. In the winter I feed corn oil which a catering friend buys in catering drums rather than our pre IVA cod liver oil and I give my big guy 300ml oil daily in the winter to help keep his weight up, rather than his pre IVA oil based conditioning mix (worried the life out of me in year 1 but he's never looked better and the oil calms him?) we are now barefoot and trimmed rather than shod. Eee I've now got loads of money saving tips. If I couldn't keep my horse I don't know how I would keep going through all this cr*p so if having an IVA meant giving him up then it would have been no IVA and him and me living and working on a yard while the house was sold around us. I have grown up kids who would look after my husband!!!!
I didn't want to go down the loan route but a full or part loan during the IVA might suit you?
