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need help on this!!!
MsDemeanour
Posts: 14 Forumite
Can anybody tell me whether
"a composition or arrangement with creditors"
would include a CCJ? Or does it refer to IVAs etc only?
As I understand it a composition or arrangement is to one or more creditors where less than the full debt is accepted. Is this correct?
Thanks
"a composition or arrangement with creditors"
would include a CCJ? Or does it refer to IVAs etc only?
As I understand it a composition or arrangement is to one or more creditors where less than the full debt is accepted. Is this correct?
Thanks
0
Comments
-
As I understand it a composition arrangement with regards to an IVA is one where the creditors agree to accept a fixed sum in lieu of the debt(s) owed.
Not too sure a CCJ could be included in this - suggest you call National Debtline or CAB for definitive advice.0
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