If I am trying to sell my property ( which is in joint names with my wife) and I have an IVA, can I sell the propert without a problem? Should I tell my solicitor? Should my solicitor tell my purchaser
Hi There should be a restriction notice placed at the land registery by your Insolvency Practitioner to make your IP aware if you try and sell the property. I do not think that it can stop a sale but it will alert your IP Regards
Andy Davie, IVA.co.uk spokesperson and a Debt Advisor If you need any help or advice about the various debt solutions available please contact me via my website at www.andydavie.com Author of "Real life IVA stories" and Debt Counsellor of the year finalist 2010
Was the property included or excluded from your IVA? If excluded then you can do what you like with it - but if a restriction has been placed on the property at H M Land Registry, then you will find that this can only be sold with your Supervisor's permission.
The purchasers solicitors will pick this up when they do their own searches in any case, but I think that you would be wise to advise your own solicitor in the meantime.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
I am trying to sell my property
Posted - 08 February 2010 : 17:58:06
