Can you move house during an IVA?

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paulw17

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Post by paulw17 » Wed Nov 12, 2008 3:23 pm
Can you move house during an IVA?
 
 

freelili

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Post by freelili » Wed Nov 12, 2008 4:27 pm
Hi and welcome

If you are currently renting and its not going to alter the ability to make your IVA payments I believe its fine, you would need to inform your IP though. If you own your own home and are subject to the equity release clause then its going to be a bit more complicated. The best advice is to approach your IP with your specific reasons and take it from there.

Good luck.
LILY

http://freelili.blogs.iva.co.uk

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MelanieGiles

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Post by MelanieGiles » Wed Nov 12, 2008 5:18 pm
Anything is possible during an IVA, so long as creditors do not get prejudiced - or if they do that they agree to revised terms. Are you a property owner, with a fourth or final year equity release clause?
Regards, Melanie Giles, Insolvency Practitioner
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