You have never been made bankrupt, so you can answer no. It will save some heartache later on if you tell him that you are in an IVA, as he will discover the RX1 (assuming you signed one) and will need to liase with your IP.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I assume you're in an IVA and it has not completed and you don't have completion certificate ? If so, you do realise that any profits from the sale will go to the creditors and not be yours ?
Have you sought some advice on here ?
Sorry if you have, would just hate for you to have been given the wrong information (as it seems some people get) ?
Or if you were in an IVA and it's completed and you have cert then ignore me., but having been in an IVA is not same as bankrupt.
*edit to add! when I say any profits! I mean, original debt! plus IP fees, plus interest etc etc, what's left after that would be yours.
Last edited by longslog101 on Tue Apr 07, 2015 8:39 pm, edited 1 time in total.
My Blog details, the route I took before IVA, how I choose my firm, equity release advice (year 4-5), challenging the CRA's keeping IVA on credit file once gone from insolvency register
IVA ended August 2015. Would recommend McCambridge Duffy
