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Posted: Tue Oct 19, 2010 9:16 am
by jackso-b
can i sell my house and pay my iva off in 1 go, i hav recently had too change jobs and my current salary is alot less than when i started my iva and i have no disposable income after i have paid my household bills
Posted: Tue Oct 19, 2010 9:28 am
by sus65
Hello brent.1
It might be worth your while discussing this with your IVA provider. I found myself in a similar situation all be it through different circumstances than yours.
Payplan have now put forward a proposal to my creditors that I sell my house and make a full and final offer with the proceeds, which incidently won't be much after my ex has his share. I'm talking a £6000 offer on a £30,000+ debt plus the £1700 that I have paid so far.
But it has been agreed that this is the best I can do as I no longer have any disposable income and am struggling on a deficit at the moment.
Sus
Posted: Tue Oct 19, 2010 9:30 am
by Shining
Hi and welcome to the forum, I would talk directly with your IP about your suggestion and find a way forward. Have you completed a revised I&E in respect of your lesser earnings to maybe reduce your payments? x
Posted: Tue Oct 19, 2010 9:51 am
by jackso-b
sus65 wrote:
Hello brent.1
It might be worth your while discussing this with your IVA provider. I found myself in a similar situation all be it through different circumstances than yours.
Payplan have now put forward a proposal to my creditors that I sell my house and make a full and final offer with the proceeds, which incidently won't be much after my ex has his share. I'm talking a £6000 offer on a £30,000+ debt plus the £1700 that I have paid so far.
But it has been agreed that this is the best I can do as I no longer have any disposable income and am struggling on a deficit at the moment.
Sus
Posted: Tue Oct 19, 2010 10:37 am
by jackso-b
think i need to watch the video on how you navigate this site, ooopps but thanks lesley for the advice, i woz just wondering if i sold my house would they take all mt asset in it or just the outstanding iva total
Posted: Tue Oct 19, 2010 10:50 pm
by MelanieGiles
Selling your property is a very big step to take, and whilst it may provide a good solution for you, it does leave you having to find somewhere else to live. There may be a number of solutions that your IP can work out with you - I would take a day off and request a face to face meeting with them to see what they can suggest.