We entered into a joint IVA with debts totalling £38,000.
Our contributions so far total £8000 approx [£200 each per month]
We have been given permission to sell our house with the intention of making a full and final settlement.
Outstanding mortgage is £80,000. We have had an offer on the house of £125,000.
As there is an equity of £45,000, can we still make an offer of a percentage in the pound [we were thinking of 70%] leaving us with some money to start again and set up elsewhere. Or would we be expected to pay everything that we owe and have nothing left.
Also, are the IP fees taken out of the final payment or is it an extra we have to add on?
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