would i have to sell my house ?

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nyree s

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Post by nyree s » Sat Aug 23, 2008 4:01 pm
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if i have equity in my home would i have to sell my house
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Viki.W

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Post by Viki.W » Sat Aug 23, 2008 4:19 pm
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Hey nyree, welcome to the forum. No, not for an IVA but you will have to release some ot the equity in your forth year. How much equity do you think is in the house and how much are your debts? X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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MelanieGiles

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Post by MelanieGiles » Sat Aug 23, 2008 5:04 pm
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Hi Nyree

It does really depend on your specific circumstances, so I would take specialist advice from an insolvency practitioner in order to assess how your home may be affected by the IVA. You will definately need to agree to have it valued during the final year with perhaps needing to raise equity for the benefit of your creditors at that time.
Regards, Melanie Giles, Insolvency Practitioner
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