question regaurding the form RX1

2 posts Page 1 of 1
Post Reply
 
 

wobly

User avatar
Posts: 1
Joined: Wed Jul 04, 2007 8:04 am
Location:
Post by wobly » Wed Jul 04, 2007 8:05 am
Quote
hi iam in an exixting iva and have been able to keepmy house my question is regaurding the form RX1 which has been registered with the land registary does this stop me selling my house or does it just inform the ip guy
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Wed Jul 04, 2007 10:55 am
Quote
Hi wobly and welcome to the forum

The RX1 form merely advises your Supervisor of an impending sale. He has no power to stop you selling, but if you are required to release equity as part of your IVA conditions, then this would need to be paid over or else the IVA would fail.

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
Top
Post Reply
2 posts Page 1 of 1
Return to “IVA postbag for july”