question category: IVA

IVA Car - I need my car for work. Can I keep it with an IVA?
Submitted on: 28th Oct 2008 by Non-Member | Total Answers: 1

Can I keep my car with an IVA?

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IVA Car

An IVA is unlike Bankruptcy and your car, house and other assets are protected as long as you keep up with the monthly payments.

If your car was financed and you’re in the middle of paying for it you will be allowed to keep up the monthly payments as long as you can afford them. If the car repayments end before the IVA, the extra cash will need to be contributed towards the IVA. 

If you have an expensive car you are likely to have to get a cheaper car at and contribute the balance towards your debt.

If you want to find a popular and trusted company that can help you arrange an IVA visit our IVA companies page. If you need help chosing, complete the form and we'll recommend one for you.

 

Popular IVA searches: free iva, iva calculator, iva explained, iva gov

Submitted on: 29th Oct 2008 by TA Member

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