When initially entering the IVA my property was in negative equity, this has now changed. Would it be possible to sell my house and use the money to pay my way out of the IVA? Bearing in mind the house was listed as an asset in my IVA agreement.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
There are different ways to approach this. If you sell the house now the creditors would want a sum to cover the original debts, plus fees and possible interest.
Or, you could OFFER to sell the house to fund a full and final offer, which would be a sum at YOUR discretion ( bearing in mind it has to be inviting enough for them to agree )
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014