Debts that are included and excluded

Debts that are included

Normally any unsecured debts can be included within an IVA. These include but are not limited to:

  • Credit cards
  • Personal loans
  • Student loans
  • Overdrafts
  • Business loans for which you are liable

Debts that are excluded

Certain debts cannot be included within an IVA. These will normally be secured debts, such as outstanding balance of mortgage loan of a real estate or hire purchase loan of a vehicle. Other debts such as Government rent and rates, Personal Tax and fines will normally have to be paid and provision for repayment of these debts will be done separately.

For more information and advice please call us to speak to an IVA specialist