after about an 8 week process of setting up my Iva with CCSVA, it transpires that i have hit a major snag.
My divorce was finalised in June last year. As i had no money my ex paid for all costs. She was also meant do arrange a consent court order, to cover the ex marital home that she still lives in with my son. CCCSVA have been chasing me for this and i have in turn been chasing her. It now transpires that she couldnt afford to do the court order, therefore it hasn't been done. So now legally i still own half a house, but didnt know anything about it untill today. There is about 20k equity in the house, but i waived all rights to that when the divorce was finalised.
So what can i do with my IVA now???
CCCSVA are saying the only thing i can do is get the consent court order, but i havent got a spare £450!!!! They have advised cancelling my current DMP and saving for it, but in my eyes if i am going to do that, i may as well save an extra £700 and go bankrupt.
I really don't know what to do!!
I agree that you could have a word with a solicitor - CAB would be somewhere to check out as well.
You could stop paying your DMP to get this fee together - if you go bankrupt and you are still on the deeds to house then there might be a problem with your half of the equity as the OR would be interested in it.
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
would the or still be intrested in it even though the consent court order was done?? i was told it would be safe as i havent lived in it for nearly 30 months, and the court order would protect my ex wife from it.
is there anything else tht can be done with regards to the iva though ??
I really don't know anything about it - hopefully one of the experts can pick up on this.
If you cancelled your DMP and saved up the money and paid then there is nothing to stop you from then continuing on to apply for an iVA.
Could your ex not meet you halfway with the costs?
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
You don't need a consent order - you merely need to have an agreement in place- this can be verbal - that the property is to be dividend in a particular way. This then gets disclosed to creditors within the IVA, and they will vote as to whether they deem this to be reasonable. The Consent Order is merely a rubber stamping of your agreement - and that already exists!
