How much would my house need to be worth for my IVA NOT to be extended ?

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Mary.77

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Post by Mary.77 » Mon Jul 27, 2015 12:42 pm
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Hi my IVA is due to finished in Feb. They are now saying about releasing equity in the house. I owe £74,000 on my mortgage, do you know how much my house would need to be worth for them NOT to extend my IVa for another year? I really want it to end. Thanks
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Michael Peoples

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Post by Michael Peoples » Mon Jul 27, 2015 1:01 pm
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If your property is worth less than 93k, it is a standard IVA and you own the property in your sole name you should not need to extend. Any other variables will change this.
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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