I voluntarily surrendered buy to let properties. Now worried as solicitors are involved.

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stressed paul

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Post by stressed paul » Tue Feb 26, 2013 8:29 am
I have an IVA which included buy to let properties i volutanary surrendered them to Halifax they have now been sold and i recently got a letter from the bank informing me that solicitors are now acting on behalf of the bank and they will be contacting me. I am worried about this, is it normal for them to get solicitors involved to finalise this. I keep thinking when i signed their voluntary surrender forms it may have included some clause that enables them to take action against me outside the IVA
 
 

Adam Davies

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Post by Adam Davies » Tue Feb 26, 2013 8:57 am
Hi

If the potential shortfalls were included in your IVA then they will be covered by your IVA. Pass any communication onto your IP and let them deal with it

Regards
Andam Davies
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