Yes, you can include a County Court Judgement in an IVA.
A County Court Judgement not only can, but must be included in your Individual Voluntary Arrangement (IVA).
Individual Voluntary Arrangements (IVAs) override County Court Judgements, meaning that when an Individual Voluntary Arrangement (IVA) is approved, any debts that were being paid through a County Court Judgement are now covered by the Individual Voluntary Arrangement (IVA).
This has the affect of tidying up all payments to creditors and centralizing all payments through the Individual Voluntary Arrangement (IVA).
This may then enable a debtor, who previously may not have had the required financial resource, to be able to afford an IVA, especially if there was more than one County Court Judgment.
County Court Judgements are awarded by the court, and arrangements are made to pay each Judgement individually.
When the Judgement payments are superseded by the Individual Voluntary Arrangement (IVA) it may be that the payment to the Individual Voluntary Arrangement (IVA) is not a great deal more expensive than the total sum of the County Court Judgement payments.
The main advantage of this being that the Individual Voluntary Arrangement (IVA) covers all unsecured debt repayments, and not just the ones under the County Court Judgement.
If you are experiencing serious financial problems and would like to talk to one of our specialist advisers call 0800 088 7503 or why not download any of our free IVA guides which have been designed to help people resolve their financial difficulties.
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