question category: IVA

Can I keep my home if my IVA is accepted?
Submitted on: 28th Oct 2008 by Non-Member | Total Answers: 1

Answer this question

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Keep or Sell House with IVA

You don’t normally have to sell your home if your IVA is accepted. However, if there is equity in the house you may be required to release it towards the end of your IVA.

In order to protect your home during an IVA, your IVA Supervisor will normally seek a ‘restriction’ over the property. This ‘restriction’ is lodged at the Land Registry and prevents you selling the property or creditors trying to claim the property. At the end of the IVA the restriction is lifted.

 

Popular IVA searches: free iva, iva companies, iva calculator, iva explained, iva gov

Submitted on: 29th Oct 2008 by TA Member

1
 

Post new comment

The content of this field is kept private and will not be shown publicly.
Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.

Featured Debt Charity

“What we like most about the help the Debt Advice Foundation provide is it’s balanced and fast. You’ll get the right solution suggested confidentially in hours not days.” Debt Advice Foundation