Good afternoon. Please can you tell me whether an endowment policy that was taken out in order to pay off a mortgage can be required to be surrendered in the event of an IVA being arranged? Thanks in anticipation.
I would have thought that if it is required to pay off your mortgage that it would be ok, but I'm not sure.
Would it mature during the IVA or afterwards?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk