Advise please

[jpj]

Juliehawkins state "if i sell the property i will have no money left over and be homeless"If you have £100k equity and owe 65k, how will you be homeless with no money??
Cant julie sell the house,do a full and final IVA for say 50-55k ?
That way she would still have a £45k pot to put 15% deposit down on a new place and pay removal costs etc,and clear her debt??

[MelanieGiles]

Anything is possible - but how would you react to that sort of offer if you were a creditor?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[jpj]

I would be more miffed if the debtor had £100k of equity ,that as a creditor I couldnt get my hands on!!

[MelanieGiles]

But you could if you petitioned for her bankruptcy, and then there would be no allowances for relocation costs.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp