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The equity in your partner’s property is not normally at risk if you start an IVA. What if you have an interest in the property? Can you give up your interest?

If you are struggling with debt how can you protect a car on HP? What happens to a car on HP in a DMP or IVA? Could you keep your car if you go Bankrupt?

An IVA is a private debt solution. Where are IVAs recorded? Is an IVA more private than bankruptcy? Is any debt solution totally private?

There is no limit to the number of debts needed for an IVA. Can you start an IVA with one debt? Can one creditor reject an IVA? Are family debts included?

If you have recently started an IVA you may receive a letter suggesting that it might not have been the best solution for you and that you have not been given all the facts. We consider what this means and the action you should take.

An IVA can be used to give you time to raise a lump sum from your property or elsewhere. Will you get protection from legal action?

You usually have to declare your partner’s income if you start an IVA. Does your partner have to pay your debt? What if your partner has their own debt?

It is difficult to include tax debts in a Debt Management Plan. Can you negotiate a separate payment plan? Should you start a different debt solution?

Your car expenses are included in your IVA living expenses budget. Creditors can be flexible about what you spend. Expenses must not be unreasonable.