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Post by stu687 » Wed Jan 23, 2019 10:20 pm
I'm 4years into my iva got 2 more to go just been asked to sign an rx1 my wife wont sign it's not her debt but we have a joint mortgage


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Post by Foggy » Thu Jan 24, 2019 7:56 am
It is possible that your IP can negotiate an extension of 12 months instead of a restriction on the property, but he could also fail the IVA. This aspect should have been dealt with right at the start of your IVA, so there is some fault on their side too !

If they insist on the RX1 mention to the wife that, if the IVA fails and your creditors make you bankrupt, the house is at risk of being sold out from under you.
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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