I will shortly have a house as an inheritence

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Giles.md

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Post by Giles.md » Thu May 13, 2010 11:05 am
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I am Currently in an IVA and will shortly have a house as an inheritence. As it will own 100% of the prorperty will I have to raise a motrgage to settle the full outstanding debt
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Michael Peoples

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Post by Michael Peoples » Thu May 13, 2010 11:31 am
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Hi Giles and welcome to the Forum.
You should immediately inform your IP as you are aware of the inheritance. You will have to pay the debts in full plus costs and possibly statutory interest, so a remortgage or sale of the property would seem the only way to do this.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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