question category: IVA

If my father signs his house over to me, will the IVA my husband has be affected?
Submitted on: 6th Sep 2009 by Non-Member | Total Answers: 1

Will the IVA company have the right to take this as an asset payable into the IVA?

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Re: If my father signs his house over to me, will the IVA my ...

If you aren't in an IVA (Individual Voluntary Arrangement) there shouldn't be any effect at all on your husband or his IVA. Your assets should not have been included in his proposal.

If you are in an IVA you need to discuss this with your IVA supervisor as it could be seen as a "windfall" which should be used to pay your debts.

This question was answered by Debt Advice Foundation, an independent UK debt advice charity. If you're considering entering into an IVA, Debt Advice Foundation provides a free, confidential helpline and can advise you on whether you qualify. Click here to find out more.

Submitted on: 14th Sep 2009 by Darren Member

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