been in iva for 4 years now

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andrea

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Post by andrea » Sat Dec 19, 2009 6:52 pm
been in iva for 4 years now was extended for 1 year recently me and my husband split up and need to put house on the market as i cant afford on my earnings i know i have to ask permission to sell, can they refuse this or not
 
 

kallis3

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Post by kallis3 » Sat Dec 19, 2009 7:37 pm
Hello Andrea,

Sorry to hear about your split with your husband.

Not too sure on this. Hopefully one of the experts will be along to assist.
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.
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Michael Peoples

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Post by Michael Peoples » Mon Dec 21, 2009 10:17 am
Hi Andrea. Your IP cannot stop the sale because to try and do so will almost certainly result in repossession. They will be aware of the sale as they would have a restriction and may need to clarify with creditors what to do with the money.

Speak to your IP and possibly try and have the IVA closed down with whatever equity is released. It should be possible to retain enough to relocate but your own IP will have the full details of your case.
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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