sell up and buy another

[watamess]

Hi all,
I new to all this my situation is that i'm about to sign and return my IVA proposal but also am just about to put my houseon the market in order to buy another with more bedrooms but with no further expense as equity in exsisting house.

Should i do this before i submit a proposal or get the proposal agreed first.

If and once agreed am i able to sell after as part of the proposal is for me to sell after the 5years to release the equity and pay in to IVA -
So my question is will my IVA stop me selling my house and buying another?

someone please help totally confused!!!

Try 2 live life with no regrets!!!!

[kezza]

Hi there and welcome,
You need to speak to your IP or debt man company, they will give you the best advise. I am surprised this has not already been mentioned, or did you leave it out. If you did you need to lay all cards on the table to get the best solution.
Good luck and hope all goes well for you [:)]

[neverending]

Hi
Yes a very important point by Kezza,you must ensure that your IP is fully aware of your situation and I would be surprised if an IVA is agreed when you are in the middle of moving house.Are you using any equity in the move ? are you increasing your mortgage payments ?

[Oliver]

I would agree with the other forum experts and would recommend that you contact your IP immediately.

You can access Video Clips giving additional information about IVAs at:
http://www.thomascharles.com/interview_ ... an_iva.asp

If you would like more information about IVAs, other debt solutions, or just want to arrange an informal chat, please visit us at www.thomascharles.com.

Best Regards
Oliver
www.thomascharles.com