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fire1
- Posts: 2
- Joined: Fri Nov 19, 2010 7:01 pm
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hi
can any one tell me if you were to inherit a house well in a iva would yo have to sell/ remortgage to pay creditors.
thanks d
me
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MelanieGiles
Industry Expert
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It is possible that you would have to, depending on the amount involved and the amount you still owed to creditors. Has this happened to you fire1?
Regards, Melanie Giles, Insolvency Practitioner
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liamjames
- Posts: 734
- Joined: Mon Jul 27, 2009 9:58 am
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Hi fire1,
You should be prepared for that possibility. As Melanie says, it may depend on the amount involved and your specific terms.
If this is your situation, please speak to your IP as soon as possible, as they'll be able to give you reliable advice based on your own situation.
