Posted: Wed Jul 04, 2007 8:34 am
do you have to sell any assets like car caravan if you go into t IVA
Hi rc
If the assets are not required for normal domestic purposes, or have excessive values, then your creditors will expect these to be sold to contribute to creditors.
How much is the caravan worth, and is it subject to a hire purchase agreement?
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk