If we inherited property could we lose it in an IVA?

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marina

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Post by marina » Wed Oct 31, 2018 12:50 pm
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

kallis3

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Post by kallis3 » Wed Oct 31, 2018 1:07 pm
If he gifts it to you, you will have to pay it across to your IVA
http://kallis3.blogs.iva.co.uk/
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Foggy

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Post by Foggy » Wed Oct 31, 2018 2:19 pm
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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Lisa Thomas

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Post by Lisa Thomas » Thu Nov 01, 2018 11:26 am
Are the debts of £18k all joint with your husband?

If no what is the split between joint debts, your sole debts and his sole debts?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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