Page 1 of 1
Posted: Wed Apr 02, 2008 10:22 pm
by r.jn
My friend has been told she must 'Auction' her property under the terms of her IVA.She also is now earning more money and wants to increase her payment.Shoul this be possible.
Posted: Wed Apr 02, 2008 10:25 pm
by Adam Davies
Hi
It is unusual for this to happen.
The IP can't enforce this,although not complying may mean the IVA will fail.
Can you give more details ?
Regards
Posted: Wed Apr 02, 2008 10:36 pm
by MelanieGiles
As Andy says, unless the IVA gives the IP express powers over the debtor's property (unlikely) she cannot be forced to auction - although the IP can fail the arrangement if she is in default. Do you know what the current position is?