www.iva.co.uk

Hi people,
I am nearly 3 years into my IVA, My partner and I both have IVA's from our debts, we split up about 18 months ago, the pressure was just too much. We still live in the same property together (seperate rooms of course) I have been offered a job 350 miles away from where we live, 15k more that I am on now, I have the oppertunity soon to pay my IVA off (mothers, don't you just love them). when I am out of the IVA how do I stand when it comes to my X and the property. I will need a new home if I move away, do I still get stuck with my old property because my X is still in an IVA?
Am I going have to wait until she completes her IVA?

Hi Dean and welcome to the forum

Is there any equity in the property you own with your partner? And, if so, was this taken into account under the IVA - ie do you have to raise equity during a fourth or final year?

Hi Melanie, yes there is equity and we both have to pat £7,500 in the final year.
Thanks-Dean

Does the payment from your mother include the £7,500 you are required to pay in the final year?

Hi Melanie, yes it include the 7.5k.
R-Dean

Then you will need to discuss with your ex-partner how he/she intends to repay that to your mother, which in reality is likely to be wheh their own IVA comes to a conclusion. I would suggest that your mother takes a charge over the property for this sum, but seek your IP's advice in this regard.