can i sell my house and pay my iva off in 1 go, i hav recently had too change jobs and my current salary is alot less than when i started my iva and i have no disposable income after i have paid my household bills
It might be worth your while discussing this with your IVA provider. I found myself in a similar situation all be it through different circumstances than yours.
Payplan have now put forward a proposal to my creditors that I sell my house and make a full and final offer with the proceeds, which incidently won't be much after my ex has his share. I'm talking a £6000 offer on a £30,000+ debt plus the £1700 that I have paid so far.
But it has been agreed that this is the best I can do as I no longer have any disposable income and am struggling on a deficit at the moment.
Hi and welcome to the forum, I would talk directly with your IP about your suggestion and find a way forward. Have you completed a revised I&E in respect of your lesser earnings to maybe reduce your payments? x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
It might be worth your while discussing this with your IVA provider. I found myself in a similar situation all be it through different circumstances than yours.
Payplan have now put forward a proposal to my creditors that I sell my house and make a full and final offer with the proceeds, which incidently won't be much after my ex has his share. I'm talking a £6000 offer on a £30,000+ debt plus the £1700 that I have paid so far.
But it has been agreed that this is the best I can do as I no longer have any disposable income and am struggling on a deficit at the moment.
think i need to watch the video on how you navigate this site, ooopps but thanks lesley for the advice, i woz just wondering if i sold my house would they take all mt asset in it or just the outstanding iva total
Selling your property is a very big step to take, and whilst it may provide a good solution for you, it does leave you having to find somewhere else to live. There may be a number of solutions that your IP can work out with you - I would take a day off and request a face to face meeting with them to see what they can suggest.
