Can I sell my property to pay off my IVA ?

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Amanda.20

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Post by Amanda.20 » Fri Jan 22, 2016 8:45 pm
Can I sell my property to pay off a iva of 18,000
I have approx 40,000 equity
iam desperate to leave the iva after 2yrs
 
 

kallis3

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Post by kallis3 » Fri Jan 22, 2016 9:02 pm
Hi and welcome,

Is there any reason why you wish to leave?

There will be a restriction on the property so you cannot sell it without the IP knowing.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Amanda.20

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Post by Amanda.20 » Fri Jan 22, 2016 9:41 pm
Hi
I took the iva out in panic , iam wanting to sell my home anyway
what would the restrictions be ?
My iva company are very unhelpful , dont reply to my letters , I have a bill off the iva for an outstanding £700 , because I did overtime at work , which needs to be payed by march , they have already increased my payment by £80 a month so I pay £ 280 per month , they have my outgoings cost but dont appear to take them it consideration , this is having a impact on my health and is the biggest mistake of my life .
 
 

kallis3

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Post by kallis3 » Sat Jan 23, 2016 10:44 am
You just have to let the IP know that you wish to sell.

Which company are you using? Where you given all of the options available and had everything explained to you?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

kev59

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Location: United Kingdom

Post by kev59 » Sat Jan 23, 2016 11:10 am
After losing my job, I could not keep up iva payments and working with my IP.
My house was sold to pay off the IVA. with enouth left to restart my renting a flat. which I had to pay 6 months rent upfront.
IVA now over with and it was worth it.
now starting my life again,
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