can i apply for an iva

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spec

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Post by spec » Mon Apr 07, 2008 10:42 am
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i jointly own a property with my wife but no longer live in it,i have one dependent child there, we have around 100k equity can i still apply for an iva and what are the consequences
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MelanieGiles

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Post by MelanieGiles » Mon Apr 07, 2008 10:56 am
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Hi spec and welcome to the forum

How much do you owe to your creditors? And how much do you feel you could afford to repay on a monthly basis. With such high equity you will need to be prepared to release some of that, but let's see how much you actually owe in the first instance.
Regards, Melanie Giles, Insolvency Practitioner
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