People here in the past have been made bankrupt when an IVA fails, some have gone into a DMP and some have applied for a new IVA (which will be hard to do because of the resons yours failed). Others have simply agreed a payment plan with each creditor. Anything could happen.
garfield021 wrote:Hi. What happen when You sell Your house when You are still on IVA?
If there is any money left after repaying the mortgage and any secured loans it will go into the IVA. At the moment there will be a restriction on the deeds which any buyer will see and might not go ahead with their purchase.
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