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Posted: Fri Mar 28, 2008 5:47 pm
by smokin_laces
Hello - I was just wondering if you could confirm whether I can use an IVA to help clear debts that I have which include council tax, rent, water, gas and electric?
Also, my debts don't exceed £15k...
Posted: Fri Mar 28, 2008 5:50 pm
by emma_t
Hi there
I am under the impression that aniva is only suitable for debts over £15K, but I am sure an expert will confirm this shortly.
Have you looked into Debt Management Plans as that may be suitable for you and is an informal agreement with your creditors.
Maybe have a chat with the cccs about this.
Good luck
Emma
Posted: Fri Mar 28, 2008 7:43 pm
by Lisa2009
Your debts are too low for you to enter an IVA.
I know that council, gas and electric will happily make provisions for you to pay them back at an affordable rate.
Maybe your first step should be to ring them each and discuss it and see what they offer.
Posted: Fri Mar 28, 2008 8:47 pm
by Adam Davies
Hi
Rent arrears are normally dealt with outside of an IVA if you are still living at the property.All the others can be included within an IVA but as others have said the total mount of your debts may not be enough to make an IVA viable
Regards