do you need to be a home owner to qualify for IVA?

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Post by » Fri Sep 10, 2010 12:36 pm
do you need to be a home owner to qualify for IVA?


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Post by liamjames » Fri Sep 10, 2010 12:41 pm
Hi Tracy and welcome!

Certainly not - as long as you have adequate unsecured debts and creditors, and can achieve a reasonable dividend through payments, you are able to propose an IVA.

You should probably speak to a few insolvency practices to get some personal advice and compare the options available to you. There are many listed on , and the people here will also help you informally with any questions you might have.

How much unsecured debt do you owe?
Take care,

Liam James
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Post by kallis3 » Fri Sep 10, 2010 12:48 pm
A lot of posters on here rent and are in an IVA.

It will all depend on your circumstances. Make a couple of phone calls for some free and impartial advice.
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Post by Tina Shortland » Fri Sep 10, 2010 1:03 pm
Hi - welcome to the forum.

As the others have said - no you don't need to own a property - it can actually sometimes make things easier if you don't!

Speak to 2 or 3 companies to get some specific advice for your situation and make sure you understand all the options available to you so you can make the best decision.

Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.

If you’re looking for effective debt related information, articles and news, then go now to our on-line advice service at

If you’re ready to ask us for specific advice or help, then get in touch at so you can start to free yourself from the stress and anxiety of overwhelming debt.


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Post by MelanieGiles » Sun Sep 12, 2010 8:59 pm
If you are a home owner, there are special provisions containe within an IVA to deal with the property, so do make sure that the IP you may choose to represent you fully appraises you of these before you commit.
Regards, Melanie Giles, Insolvency Practitioner
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