If i were to pay back over half of my iva

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garydl

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Post by garydl » Tue Sep 23, 2008 9:50 pm
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If i were to pay back over half of my iva would it still be deamed as fair to be asked to release equity in my property
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kallis3

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Post by kallis3 » Tue Sep 23, 2008 10:11 pm
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Yes, I beieve it would. The object of the exercise with an IVA is to pay back as much to the creditors as you can. If you pay half of what you owe them in an IVA, you will be expected to release equity in order to pay as much as you can of the other half.
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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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