4th Year equity release clause

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Kool_73

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Post by Kool_73 » Tue Dec 23, 2008 2:22 pm
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Hi

I have a 4th year equity release clause in my IVA, but id ont have any property and can safely say that i won't have in year 4 does this mean that this clause will not affect me in any way?
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liberta

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Post by liberta » Tue Dec 23, 2008 2:29 pm
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Hi

It seems strange that you have an equity release clause in your IVA proposal if you do not own or have an interest in a property.

You are correct though, if you don't have a property you cannot realise any equity from it. I would be tempted to ignore the clause as not being of any relevance to your particular proposal.
Kind regards, Elizabeth Pywowarczuk, Insolvency Practitioner.

If you would like me to advise you about an IVA and if appropriate propose one for you, please visit my website at www.liberta.uk.com
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David Mond

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Post by David Mond » Thu Dec 25, 2008 2:24 am
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Yes ignore it - probably taken from an incorrect template!
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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