What will happen when our IVA concludes sept. next year as we have no equity ?

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S.69

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Post by S.69 » Thu Nov 29, 2012 5:15 pm
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when our iva concludes in sept next year what will happen as we dont have any equity in our home?
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Foggy

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Post by Foggy » Thu Nov 29, 2012 5:17 pm
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Hi there. What will happen all depends on what was agreed in your proposal.

In modern proposals there is usually a clause allowing the property to be ignored if little or no equity. However, proposals do vary --- so it is best to check your own paperwork or ask your IP for clarification.
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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