ho be and husbands have 18000 debts were r thinking of iva but my father is going to inherited us the house ewe live in if he passed away there no mortgage on this house it has not be passed my building regulation so it would be hard to get a mortgage on it without this I'm worried they could take the house if this happen
If he gifts it to you, you will have to pay it across to your IVA
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.
Inheritances during an IVA are payable to the IVA, you would be required to sell the house. For an £18k debt are you sure that an IVA is the best option ?
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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