our house is worth more than we thought

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l.r

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Post by l.r » Mon Jun 11, 2007 9:45 pm
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we are selling our house to make a one off payment iva they have agree to x amount but our house is worth more than we thought can we keep the rest?
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Adam Davies

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Post by Adam Davies » Mon Jun 11, 2007 10:02 pm
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Hi
On the info you supply and asuming that you have had a creditors meeting agreed then yes you can keep any amount over the one agreed.

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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MelanieGiles

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Post by MelanieGiles » Mon Jun 11, 2007 10:13 pm
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Hi lr

If your property was specifically excluded from your IVA, then you may be able to keep some of the equity. But do check the terms of your IVA proposal and Chairman's report, and ultimately ask your own Supervisor.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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