Chances of losing home in IVA or BR ?

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rustydatsun

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Post by rustydatsun » Thu Mar 03, 2011 1:52 pm
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With both an IVA or Bankruptcy, what are the chances that I would lose my home, and if I rented the property out would this make difference to the outcome of what happens to the property?
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Shining

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Post by Shining » Thu Mar 03, 2011 1:52 pm
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http://iva.co.uk/forum/topic.asp?TOPIC_ID=35654


Hi there think the link above will help answer your post.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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James Falla

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Post by James Falla » Thu Mar 03, 2011 3:25 pm
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Hi rustydatsum

The answer to your question really depends on the amount of equity in your property. How much equity do you have? At the end of the day, an IVA is designed to protect your property although you may well have to be prepared to release equity from it to increase the return to your creditors.
James Falla
IVA & Personal Debt Solutions Expert
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