Is a debt any different to a bill? Can the same debt solutions be used for both debts and bills? Most people make a distinction between debt which they have on credit cards or loan agreements and unpaid bills (like legal or medical expenses).
Debt, Bill – Is There a Difference?
In the eyes of the law (as far as debt solutions are concerned) they are the same. If you owe money to people that are not credit providers then they may not be used to dealing with debt solutions whereas for a credit company this is part of their everyday job.
If you are planning to enter an Individual Voluntary Arrangement the unpaid bills will be included in your list of creditors and the person that you owe the money to will be able to vote at the creditors meeting the same as all the other creditors.
If you enter bankruptcy proceedings then all your unpaid bills will be included in your bankruptcy. The only exception to this will be if you have unpaid fines
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