Not really as you owe monies to existing creditors and they would have priority of any release of equity to be paid. Even if you did it prior to entering into an IVA your current creditors would not be happy with that situation. Surely you have given that information to the IP you are dealing with.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
You are not supposed to take on any form of credit whilst in an IVA (except a remortgage in year 4 if you have property) without the permission of your IP.
Why would you want to, when the idea of an IVA is to clear your debts and start again with a clean slate?
Have you actually spoken to any companies? Even if you have, I recommend that you speak to one or two more. Either visit www.iva.com for a list of companies, or click on the expert link on the left hand side of the page. The professional experts who post on here come recommended.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
can i still get secured loans ie on my house car finance etc
