How do I deal with additional people I owe money to?
It will have been explained to your during the process of drafting and obtaining approval of the IVA that it is vital that all of your creditors are included in the list and circulated with the proposal.
However if a person you owe money to does come to light that was not originally included check that you agree with the amount of the debt and forward the letter onto us. Please also include a covering letter informing us why this debt wasn’t originally included.
New debts added into the IVA after it has been approved would potentially decrease the dividend payable to people you owe money to.
Each case is reviewed individually and a decision made by your Supervisor as to how the case should progress and whether any additional action is required.
Do not hesitate to contact our customer care team for more information.
