could i still do a mutual exchange if i have IVA?

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emma.m

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Post by emma.m » Wed Aug 13, 2008 5:57 pm
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I live in a Housing Association property and have rent arrears of £1500.00, could i still do a mutual exchange if i have an IVA?
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MelanieGiles

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Post by MelanieGiles » Wed Aug 13, 2008 5:59 pm
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Hi Emma and welcome to the forum

I cannot see why not - but it is probably more a question for the Housing Association and not us!
Regards, Melanie Giles, Insolvency Practitioner
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moretolife

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Post by moretolife » Wed Aug 13, 2008 5:59 pm
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hi emma and welcome to forum...have no answer for you...but i am sure one of the forum experts will be able to help you or point you in right direction
IVA completed 11th Dec 2009 due to a Full and Final with the fantastic help of Michael Peoples and
Mc Cambridge Duffy

Visit my blog...Journey from Debt to Life Post IVA
http://moretolife.blogs.iva.co.uk
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Lisa2009

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Post by Lisa2009 » Wed Aug 13, 2008 7:42 pm
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Usually mutual exchanges are not accepted until any rent arrears are paid but as it a housing association they may have different ploicies so best to ask them first. It would be no problem with your IVA as long as you keep your IP informed.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


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freelili

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Post by freelili » Wed Aug 13, 2008 8:44 pm
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In our area you cannot move house if you have rent arrears, they would not allow a mutual exchange either. As Mrs Skint states different areas may have a different policy.
LILY

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angela18

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Post by angela18 » Wed Aug 13, 2008 9:02 pm
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i agree with lily.. could be a problem I know when I had council flat and wanted to exchange to house, we couldn't as other tenant had arrears
Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

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Rainbow

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Post by Rainbow » Thu Aug 14, 2008 9:30 pm
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In Housing Law rent arrears cannot stop you doing a mutual exchange however, the Council or Housing Association can impose a condition that you have a clear rent account. Are the arrears included in your IVA? If so then the council or HA may have written them off your current rent account and put them as a sundry account (Ex tenants account) in which case your current rent account would be clear but each housing dept wll have different ways of dealing with this so you would have to check with them - If the arrears are still on your current tenant account then it would be highly unlikely they that would allow you to carry out the exchange unless you clear the rent arrears.
Hope this helps
Rainbow
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look_divine

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Post by look_divine » Fri Aug 15, 2008 12:29 am
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you cant exchange or mutually swap houses if you have rent arrears up here maybe different in other areas, you could always ask :)
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