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Posted: Mon Sep 29, 2008 12:28 pm
by gdp
Does an IVA class as a CCJ?
Posted: Mon Sep 29, 2008 12:31 pm
by rayb
No completely different. An IVA is a legally binding contract for 5 years possibly 6 and is registered with the Insolvency Service and a CCJ is registered by the county court.
Posted: Mon Sep 29, 2008 12:46 pm
by LoneRanger
A CCJ is issued when you do not pay a debt and is usually the steps a creditor will take to get the money out of you. The courts will then deal with the debt.
It has nothing to do with an IVA.
Posted: Mon Sep 29, 2008 1:17 pm
by gdp
Ok, it was just that at the top of my legal document it was from the local 'county court' so i was a little wooried. But it does say 'in the matter of the insolvency act 1986' just below.
Posted: Mon Sep 29, 2008 1:31 pm
by LoneRanger
That is standard on all proposals I think.