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vanessa910 Posts: 1
Joined: Fri Mar 29, 2019 7:17 pm
I have 5 charges on my house and I'm hoping to enter into an IVA. Once the IVA term is up does the charge still remain in the house or does it finish too. If it doesn't finish is there a time limit until it gets removed? I hope to hear from you soon
Foggy Posts: 28338
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
What do the charges relate to?
If they relate to secured loans they will remain on the title until you pay them off. The loans will not be included in the IVA and you will need to keep paying them.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Lisa Thomas Posts: 7305
Joined: Wed Dec 03, 2014 10:26 am
IVAs only include unsecured creditors. The charges on your property will remain on there until they are paid off so the IVA will not help clear these.
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