My husband has an IVA. We own a property together but I don't know why I have to sign RX1

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Laura.14

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Post by Laura.14 » Fri May 09, 2014 8:35 pm
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My husband has an IVA. We own a property together but I don't know why I have to sign RX1
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Foggy

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Post by Foggy » Fri May 09, 2014 9:16 pm
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Because your husband's share of equity will need to be paid in towards his debts in due course, so a restriction needs to be placed upon the property so that it cannot be sold without the IP's knowledge and consent.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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orange

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Post by orange » Sat May 10, 2014 8:53 am
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We never recieved this form for our iva
completed july 2011
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Adam Davies

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Post by Adam Davies » Sat May 10, 2014 9:32 am
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Hi

I often what happens when the partner not in an IVA refuses to sign the RX1 form ? You can understand any ones reluctance to do this

Regards
Andam Davies
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Michael Peoples

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Post by Michael Peoples » Sat May 10, 2014 10:52 am
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This should be resolved pre IVA as the spouse should be aware of the IVA and know exactly what the restriction is all about.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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