I need some advice about offering to end my IVA early due to medical issues.

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steve776
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by steve776 » Thu Nov 02, 2017 11:10 am
Hi i am a newbie, i need some advice, i would like to make an offer to end early, my agreed amount was £13k and so far i have paid back 7k, i have about £100,000 of equity in my house,
I need to have a 4th bedroom because my son has speech, language and behavior issues (none of which is covered in my IVA and the therapy i have to pay) and he shares with his sister which is causing problems., I also have a heart problem called myocarditas which is like heart disease, which is affecting my full time employment as an executive chef,
If i could re mortgage and release some equity, would this be classed as a windfall, would this mean if i borrowed 30k against my house would i have to pay this 30k to my IVA or would i only have to pay the 6k i owe of the figure that was agreed i pay back?
Its a bit confusing to me.
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Foggy
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by Foggy » Thu Nov 02, 2017 11:28 am
Please see the responses to your other thread on this topic at viewtopic.php?f=81&t=83796
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