Is my home at risk if my partner takes out an IVA ?

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1
Post Reply
 
 

CdW26

User avatar
Posts: 1
Joined: Thu Sep 18, 2014 5:45 pm
Post by CdW26 » Thu Sep 18, 2014 5:45 pm
Quote
Is my home at risk if my partner takes out an iva.I am concerned about the implications as we still have a mortgage on our house.
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Thu Sep 18, 2014 5:55 pm
Quote
He will be obliged to attempt to release his share of the equity by remortgage (or in some cases secured loan) at the end of the IVA. His share of mortgage repayments will form part of his allowable expenses.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
Post Reply
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”