my house

[jim_h]

as of last friday 31 august i no longer own my home thats the bad news good news is a local company brought it of me after paying all my mortage and secured loans it was the only option as couldnot get remortage not enouhh equity in it informed iva of my intentions days away from being repossed now waiting for reply back from them

[e.h]

Hi Jim - want to ask you a question myself here, me and my partner are in an IVA but if the worst happens and it should fail for any reason, we would probably have to go down the same route as you. What did your IP say about this option?

Kind regards

Liz

[mikebdomain]

Good luck jim, do you have somewhere to go?

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[MelanieGiles]

Hi Jim

Do you mean that a company bought your home and are going to allow you to live in it as a tenant? If so could you post some more details about this please?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To appoint me as your IP visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[iva experts]

Hi Jim,

Although this was probably not the way you intended it all to work out, Im glad that an end has come to your debt difficulties. Are you continuing to live in the house?

Best Regards. IVA Experts

[jim_h]

hoping to carry on with my iva waiting for reply from iva practitioner have to send them details of the sell as i should be able to afford payments now what concerns me is that the tenancy agreement only just got it to sign and send back is a clause saying if you have a voluntary arrangement with his creditors the lanlord my re- enter the property and the tenancy my come to a end do you think i should infom them i have an iva or not and could i get the tenacy agreement changed

[jim_h]

of cause i would not agreed to sell but didnot have the tenacy agreement to after the sell not sure if i should say anything they new i had debt problems

[MelanieGiles]

If your tenancy agreement requires you to advise your landlord about the existence of an IVA, then you will be in breach of the tenancy if you do not disclose this.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[Adam Davies]

Hi Jim
Was your property subject of a fourth year equity clause in your IVA ?
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[jim_h]

yes i beleave was the case but i told them of my proposal asbeing days away from repossion made the decesion to sell and rent back i have now infomed them and await there decesion they asked for details of sale after selling got only enough money to pay fess to soliciters i could start paying my iva but am waiting for there reply not sure what would happen if they made me bankrupt

[Adam Davies]

Hi
I,m surprised that a rx10 form was not lodged with the land registery so that your sale was notified to your IP.
Your IP will have to call a variation meeting now that you have disposed of your property.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[jim_h]

been to see my landlord as long as i pay rent they said i would be allright been in touch with my iva supervisor told them about mm selling my house they need proof of the sell which i sent them and said i would like to resume payments on my iva am awaiting a reply is it possible to resume a iva who desides creditors or supervisor and does selling my house make a difference i got no money out of the sell but am better of by 300 pounds so can now afford payments or could they make me bankrupt i owe 14000 pounds on iva and would not want to be made bankrupt

[Adam Davies]

Hi Jim
I can understand why you sold the house and am just interested as to how the IP will view it.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[MelanieGiles]

If there was little equity in the property, then you probably would not have been able to raise any money by way of final year equity release. Assuming that you are passing the financial saving you have made directly to your creditors by way of increased IVA payments, then the supervisor is likely to have no issue with the transaction.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[jim_h]

got a letter back from my iva supervisor have to forward wage slips no overtime at work yet is there a minimum amourt i have to pay olso seems to be taking a long time to hear anything overtime will be coming back in newyear the reason i ask is because i can only afford abourt 100 pounds at this time all i get to talk to is a call centre