Hi I am currently in an IVA started in nov 08

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chy1972

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Post by chy1972 » Thu Jan 29, 2009 6:34 pm
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Hi
I am currently in an IVA started in nov 08 at that time my house was going through repoession it was stated in my IVA that there would be no shortfall, however my mortgage company have put it up for sale for £11,500 less than i owe to them what will happen to the shortfall and the IVA

Thanks in advance

Nikki
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MelanieGiles

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Post by MelanieGiles » Fri Jan 30, 2009 12:12 am
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The shortfall will be included in the IVA, and therefore a reduced dividend may eventually be returned to your creditors, depending upon the terms of the original agreement.
Regards, Melanie Giles, Insolvency Practitioner
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