last minute claims into IVA

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Once your original proposal for an IVA has been approved and has been running for several months/years and you discover that a debt you owed prior to the commencement of your IVA was missed off – then no problem that debt will be caught within your IVA and rank for dividend. Please inform your Supervisor with full details of it.

However, if you have obtained a new debt following the start of the IVA, then this debt cannot be added. Needless to say, obtaining further credit without the prior consent of your Supervisor is in itself a serious matter, which may be considered a breach of your existing IVA.

I recognise that you are subject to an IVA with ClearDebt, therefore if there is an additional debt or you have obtained further credit, please contact us so that we ascertain how your arrangement is affected and how we should move forward.

If anyone else reading who is in a similar position, it would depend on the terms of your IVA and I would recommend contacting your case administrator to discuss the matter further.

This is not a new debt. It was a previously 'unclaimed' debt included in original proposal but only in the last month have I received acknowledgement of the debt being handed over to the iva. I think they have maybe not replied in the first instance and have now claimed what is owed with only 3 months left of my agreement. If that makes sense?

If the debt was originally listed on the proposal there is nothing to worry about. What will more than likely happen is they will receive an equalising dividend to bring them up to date with the other creditors. This does however depend on the level of the claim and so I would urge you to contact your case administrator who can investigate this for you