Can I be prevented from selling my house, or lose the equity, after Full and Final acceptance ?

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steven mills

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Post by steven mills » Mon Jan 12, 2015 7:45 pm
my variation meeting was 6 month ago,due to a windfall i payed early after 2 year,with 7,500 interest(est),got a phone call to say all creditors accepted,my question is i am selling my house can they stop me or take my equity off me?
 
 

Foggy

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Post by Foggy » Mon Jan 12, 2015 8:09 pm
They could do if the sale completes before you get the certificate of completion, as, until that time, you are still bound by the IVA.

Depending upon the wording of the offer they accepted and Full and Final is rarely either.

There will also be an RX1 restriction on the property which is only usually lifted when the certificate is issued.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

seagulls

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Post by seagulls » Mon Jan 12, 2015 8:30 pm
I would wait for the CC before you sell your house !
 
 

Shining

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Post by Shining » Tue Jan 13, 2015 9:18 am
I would agree to wait for your Completion Certificate before proceeding with the house sale to avoid any complications.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

Michael Peoples

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Post by Michael Peoples » Tue Jan 13, 2015 10:23 am
It sounds like you repaid the debts in full plus interest so you can go ahead and sell. There must be no debt left.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

steven mills

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Post by steven mills » Tue Jan 13, 2015 6:00 pm
hi guys thanks for info,update"phoned dfd today to explain and they were very helpful.he said the restriction should have been lifted last year when my solicitor wrote to them,he also said go ahead and sell i owe zero pounds,and even offered to talk to solicitor if any problems arise,
 
 

Foggy

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Post by Foggy » Tue Jan 13, 2015 6:35 pm
Excellent Steven. Do, however, try to get that in writing.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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