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Posted: Mon Feb 04, 2008 12:36 pm
by cal
can you sell your house.equity about £40,000. in 3rd year. paid approx £14000 so far into iva .total debts of £75000. 30p.in pound. would they want all of the equity.would there be a charge on the house in the iva.
Posted: Mon Feb 04, 2008 12:53 pm
by ianmillington
I should think there will be a restriction on the property preventing its disposal but not a charge.
If you were wanting to try a full and final settlemnent with the house sale my guess is the creditors would expect to see most of it coming in.
ian