Which debts can go into an IVA?
Most unsecured debts can be included. Secured debts and certain priority debts cannot.
Usually included
Common unsecured debts
Credit & store cards
Balances on credit cards, store cards, and most catalogue accounts.
Personal loans & overdrafts
Unsecured personal loans, bank overdrafts, and payday loans.
Most HMRC debts
Income tax, self-assessment, VAT, and National Insurance arrears.
Utility & council arrears
Old utility arrears, mobile contracts and some council tax arrears (case-by-case).
Usually excluded
Debts that don't go in
Mortgages
Mortgages are secured against your home and can't be included.
Hire purchase / car finance
Goods you don't fully own yet are usually excluded.
Student loans
UK student loans are excluded from an IVA.
Court fines
Magistrates' court fines, child maintenance and certain priority debts are excluded.
See if you meet the criteria.
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