Question:
I have some debts in the UK. I am now living in the U.S.
I am going to be applying for an IVA as soon as I have a job (which
hopefully won't be too long!), but in the meantime, I've got a letter
from one of my creditors explaining that they've passed my debt to a
debt collection agent.
I do not intend to run from this; as I said I am going to apply for an
IVA and come to a formal agreement. But in the meantime, what can they
do? At the worst case, do they have powers to extradite me? I don't
even want them to be able to "sell" the debt to a local agency here in
the U.S. because that would then mean my IVA probably wouldn't cover it
(I assume) and I'd end up with debts over here too.
Answer:
Do you not feel that an IVA IS running from your debt? Presumably you got
the money and spent it - if you want to pay it back, then pay it all back.
Don`t delude yourself into thinking that going down the IVA route is
anything other than refusing to honour your commitments.
Are you sure that you can get an IVA while living and working in another
country? have you looked into this?
