Could we go down this route if we have a pending repossession on our property ?

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

Lynda.l

User avatar
Posts: 1
Joined: Wed Oct 29, 2014 8:11 pm
Post by Lynda.l » Wed Oct 29, 2014 8:11 pm
Quote
Could we go down this route if we have a pending repossession on our property
Top
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Wed Oct 29, 2014 8:29 pm
Quote
Probably, yes. Of course it depends upon your whole set of circumstances. Any shortfall from the repossession on the property would be included in the IVA. You really need to discuss this with an Insolvency expert or two -- where you can go into detail.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:
Post by Michael Peoples » Thu Oct 30, 2014 3:07 pm
Quote
An IVA would not protect the property from being repossessed although it may be possible to propose something which would allocate some money to the arrears.
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
Top
Post Reply
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”