IVA and renting out property

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susieb

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Post by susieb » Fri Jun 22, 2012 6:38 pm
I am thinking about taking on an iva arrangement. I do have my own property but have little equity in it and am wondering if I would still be able to take on an iva to pay my creditors and also rent out my property and go and live with family at the same time? Obviously I will be making some money each month doing this - does anyone out there know if it would affect my iva.

The reason for renting out is to get some money behind me and to be able to ensure that I still pay my creditors each month?
susie
 
 

Shining

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Post by Shining » Fri Jun 22, 2012 6:59 pm
Hi and welcome to the forum. I think as long as you inform your IP all along the way what you are planning and it is factored into your I&E then it should be ok.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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