would all of the equity be wanted

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cal

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Post by cal » Mon Feb 04, 2008 12:36 pm
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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.
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ianmillington

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Post by ianmillington » Mon Feb 04, 2008 12:53 pm
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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
Ian Millington
Insolvency Director
PDHL Ltd (formerly Personal Debt Helpline Ltd)
www.pdhl.co.uk
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