I am just into my 5th year, my wife is just into year. 4. Will we each need to get a valuation ?

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Robert.rd

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Post by Robert.rd » Tue Oct 14, 2014 2:06 pm
I am just into my 5th year (due to finish Sep 2015) and my wife is just into year 4 (due to finish Sep 2016).

My question is, if I get a valuation on my house next March (I expect it to leave me in negative equity which will mean I have to go an extra year), will my wife need to get a valuation the following year?
 
 

Michael Peoples

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Post by Michael Peoples » Tue Oct 14, 2014 3:02 pm
It is likely that each IVA will need a valuation carried out in month 54. However if you have negative equity there should be no need to extend wither arrangement.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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