Not much equity in my house. Will IVA finish after 60 months?

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sharon
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by sharon » Sat Jun 03, 2017 10:39 am
Hi,

I've just entered my final year of the IVA and since there isn't too much equity in my house; I'm slightly concerned that the IVA won't finish after the proposed 60mths. What are the chances of the IVA finishing after 60mths?

Thanks
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Foggy
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by Foggy » Sat Jun 03, 2017 1:53 pm
Check your paperwork for the exact clauses used in your arrangement -- but, generally, if you have less that £5,000 equity the clause will not be triggered and the house ignored.
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