half way through, can I sell my house

[mickeydog]

i am almost half way through my arrangements and want to know if i can sell my house and just carry on as normal or will they want the equity thats left after the sale. also i have just received a letter from my practitioner saying that they declared a dividend of 9 pence in the pound on all admitted unsecured non preferential claims in my arrangements, what does this mean?

[carlmcmullen]

Hi,

Firstly, why would you want to keep the equity ? do you have plans ?

Do you have a fourth year equity clause in your proposal, it is likely your supervisor has a restriction on the property as your creditors have an interest in it, which means you will need your supervisors permission before the sale can complete.

Also how much equity is there in the property, and will you be moving into rented accomodation ? As your supervisor is going to want to review your I&E and should there be any savings, likely to want to an increase.

You may want to discuss a full and final once the property is sold if there is sufficent equity.

[MelanieGiles]

The 9p in the £ distribution means that your IP has paid a first payment of 9% to your creditors.