need to own your own home to qualify for an iva?

5 posts Page 1 of 1
Post Reply
 
 

debbie.k

User avatar
Posts: 1
Joined: Thu Aug 14, 2008 11:51 pm
Location:
Post by debbie.k » Thu Aug 14, 2008 11:54 pm
Quote
hi do you need to own your own home to qualify for an iva? thanks
Top
 
 

Viki.W

User avatar
Posts: 5647
Joined: Fri Feb 15, 2008 7:34 pm
Location: United Kingdom
Post by Viki.W » Thu Aug 14, 2008 11:56 pm
Quote
Hey Debbie, welcome to the forum. No, you do not have to be a home owner. If you want to post a few more details, we can help you further. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
Top
 
 

size5

User avatar
Industry Expert
Posts: 3104
Joined: Fri Nov 23, 2007 7:22 pm
Post by size5 » Thu Aug 14, 2008 11:56 pm
Quote
Hello and welcome debbie.k

No, you do not need to own your own home, but can you post a few more details as to your situation so that we can give you a little more of a specific answer?

Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself

Follow my tweets at http://twitter.com/debtmastersize5
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Fri Aug 15, 2008 12:03 am
Quote
In some ways it is easier to do an IVA if you do not own a property, as there is no messing about with having to raise equity during the final year. Much easier for you and your IP!!
Regards, Melanie Giles, Insolvency Practitioner
Top
 
 

Kazzy E

User avatar
Posts: 850
Joined: Thu May 08, 2008 11:18 pm
Location:
Post by Kazzy E » Fri Aug 15, 2008 7:32 am
Quote
Welcome Debbie. I'll second that Melanie, we rent our home and we don't have the worry of the equity release in Yr 4. If you post some more specific details, I am sure you'll get loads of great advice. Kazzy x
There is light at the end of that dark tunnel. Promise.

Visit my blog at: http://kazzy.blogs.iva.co.uk/
Top
Post Reply
5 posts Page 1 of 1
Return to “postings for august”