Will my friends know I am in an IVA
March 9th, 2009
When you take IVA advice, the publicity situation will be explained to you.
In a bankruptcy matter, a notice will be placed in a local newspaper giving the full name and address of the person, with the Court concerned and the date on which the Bankruptcy order was made. It therefore becomes public knowledge. All of your creditors will receive notices of your debts and assets.
This is not the case with an Insolvency Private Arrangement. While your creditors will still receive details of your debts and assets, there will be no public notice in a newspaper.
The only public entry will be in the Government Insolvency register. Your friends can access this, but no-one will bother, so relax.
Entry Filed under: News
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