how does joint ownership of property effect IVA?

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antony.b

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Post by antony.b » Tue Jul 15, 2008 10:59 am
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What, if the property is joint owned and the IVA is in just one of the house owners names, does this affect the amount of equity in the property that the creditors can ask for?
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MelanieGiles

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Post by MelanieGiles » Tue Jul 15, 2008 11:00 am
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Hi antony and welcome to the forum

The equity calculation based on a final year re-valuation of your property would only affect your share of the equity.
Regards, Melanie Giles, Insolvency Practitioner
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