Property valuation before the end of IVA

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thompson

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Post by thompson » Thu Apr 12, 2018 4:39 pm
HI can you help
why d o i need to have my property valued before the end of my IVA
If the value has gone up will I be forced to sell ?

Foggy

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Post by Foggy » Thu Apr 12, 2018 4:43 pm
They need to work out the equity to see if the equity clause will be triggered. If it is they will want you to attempt to release equity or, failing being able to do that they will extend the IVA by 12 months -- this is all in your paperwork.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/

kallis3

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Post by kallis3 » Thu Apr 12, 2018 5:19 pm
You won't be forced to sell, just extend as Foggy says.
http://kallis3.blogs.iva.co.uk/
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