I’m in the process of having an iva in place but in my tenancy agreement it says that the landlord can apply to the court for possession under the housing act if I have an iva. Can anyone shed any light on this please?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Many financial agreements have insolvency clauses, not they are not always enacted. Applying to the court for possession is going to cost your landlord money, whereas, in the IVA, you have carefully budgetted for everything, including the rent, so he is actually more likely to get paid !
Your agreement says he can apply for possession if you get an IVA -- does it actually say that you are obliged to tell him ? I was in rented during my IVA and never told my landlord
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
