Early settlement IVA

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Post by mel475 » Fri Jan 29, 2021 1:07 pm
Both my husband and I entered in an IVA August 2020. We kept our VW van. If we were to convert to a camper van we could get more money if we sold it. The question is, could we use this money to do a early settlement in an IVA if accepted?


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Post by Foggy » Fri Jan 29, 2021 1:27 pm
As long as the van wasn't listed as an asset, it should be OK, but wise to check with your IP before doing anything -- and get the response in writing.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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