Will I be debt free after my IVA?

If all your unsecured debt is included in your IVA, any outstanding liability to these debts can be written off, and you will be completely free of your unsecured debt. Any unsecured debts not disclosed by you, will not be covered by the IVA, and you will still be liable for them.

Furthermore, there are certain debts, called Priority debts, which cannot be included in an IVA . They will be included in your monthly expenditure.

These include:
• Court fines for traffic offences,
• Maintenance arrears such as the CSA,
• Mortgage arrears/rent arrears,
• Secured loan arrears if you are still living in the property,
• HP on your current vehicle.

For more information, call us on 0800 16 999 46 or simply fill in the online application form above. Our initial advice is free and completely confidential so why not give us a call today...

---

Other FAQ

• Will an IVA affect my credit rating?

• Can I set up an IVA if a Bankruptcy Order has been made against me?

• Who can benefit from an IVA?

• What are my options if my IVA is not approved?

• My IVA has been approved, what do I do next?

• Will I have to release equity from my home to pay into the IVA?

• Do I still have to deal with my creditors once I'm in an IVA?

• Is it possible to finish my IVA early?

• Will I be debt free after my IVA?

• What debts can be included in an IVA?

• What if my circumstances change?

Investor Relations | Privacy Policy | Data Protection | Contact Us | About Us | Careers | News | Sitemap | Introducers

© Money Debt and Credit 2012

Insolvency Practitioners at Money Debt and Credit Ltd act without any personal liability.
Money Debt and Credit Ltd, Registered in England & Wales No.05588842. Registered Office: 45 Clarendon Road, Watford WD17 1SZ
Consumer Credit Licence Number: 0580960