Guarantor who has an IVA???

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M
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Hi we are in the process of perusing a Guarantor for damages and loss of rent to a property. Our solicitor has traced the Guarantor and sent a letter with all the costs we are hoping to receive, such as cleaning, damage & loss of rent as stated above. The solicitor has received a letter back from the Guarantor stating that he has an IVA in place and that he could only manage to pay 10 a month. We have had no evidence of the IVA and are at a loss of what to do next he owes over 3,000. Our Selector has advised us in light of the IVA and the tenant only being able to pay 10 per month that we should not pursue the guarantor any further.

Any advice would be much appreciated

Thanks.


15/07/2010 00:00

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