What will happen at the end of an IVA if there is no equity ?

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1
User avatar
chris254
Posts: 1
by chris254 » Thu Nov 16, 2017 1:23 am
Chris has been in an IVA for 5 years and has been paying �100 per month. He said there is no equity in his property and wants to know what will happen at the end of the IVA.
User avatar
Foggy
Forum Expert
Posts: 24120
Contact
by Foggy » Thu Nov 16, 2017 8:02 am
Assuming there are the usual equity release clauses, if there is less than £5k equity and this can be demonstrated to the IP's satisfaction, then the IVA will cease after the originally agreed term, with no extension being applied.
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 31 guests