we are about to start down an IVA

[JoeB]

we are about to start down an IVA - we have an old caravan worth £2 - 3k - does this have to be included - as it will be the only way we can give the children a little holiday for the next few years

[MelanieGiles]

Hi ggr

Gosh the forum seems to be full of caravans this week! Must be getting close to the holiday season!

I have been in this situation before and successfully argued that a modest caravan, which would be worth very little if it were to be towed away and sold at auction, ought to be left out of the proceedings. Of course it is technically an asset, so I would suggest that you offer to pay an additional three monthly payments at the end of the arrangement in lieu of its value.

What does your own IP advise?

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

[scaredkez]

i was thinking that too melanie, re the caravans we could have a nice little caravan park going for the iva'rs holidays lol
kerri

Please view my blog at: http://scaredkez.blogs.iva.co.uk/