IVA and Secured loan

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kallis3

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Post by kallis3 » Fri Apr 08, 2011 8:23 am
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I would definitely speak to your IP. If you do need to take a payment break, you can always put a bit extra onto your monthly payments if you can afford it so that the IVA doesn't continue on.

I know Lesley has done that.
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RHB

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Post by RHB » Fri Apr 08, 2011 6:05 pm
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As I see it you are entitled to half regardless of who the cheque was made out to if you both paid the premiums.
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RHB

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Post by RHB » Fri Apr 08, 2011 6:07 pm
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Did you inform the loan company of the change once the consent order was signed?
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kallis3

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Post by kallis3 » Fri Apr 08, 2011 6:09 pm
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Something to be sorted out between the OP and the IP company I think.
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
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Broke of London

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Post by Broke of London » Fri Apr 08, 2011 7:19 pm
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It may come down to how the events were sequenced. Unless an iva can quash a consent order giving away future assets. Definitely one for the legal eagles x
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RHB

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Post by RHB » Sat Apr 09, 2011 9:02 am
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No, an IVA wouldn't supercede a consent order signed by the courts. Slightly different under bankruptcy.
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RHB

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Post by RHB » Sat Apr 09, 2011 9:07 am
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At the very least you are entitled to half as it is in joint names so I would be nagging his IP to get it sorted asap!!!
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