www.iva.co.uk

Posted: **Sun Mar 29, 2009 8:22 pm**

If you tecnically dont own your own home is it possible to get an iva

Posted: **Sun Mar 29, 2009 8:33 pm**

You don't have to be a home owner to qualify for an IVA, but what do you mean if you technically don't own your own home?

Posted: **Sun Mar 29, 2009 8:40 pm**

My dad put my name on deeds when he was bad a few year ago only so i wouldn,t become homeless. You know what families are like the rest of family would have wanted me to move out so house could be sold when anything happens to my dad.

Posted: **Sun Mar 29, 2009 8:46 pm**

This will not stop you from having an IVA, however the issue will have to be disclosed and it would be better to talk to your IP specifically about this matter.

Posted: **Sun Mar 29, 2009 8:51 pm**

I havent got an ip yet

Posted: **Sun Mar 29, 2009 8:54 pm**

It might be an idea to consult with one, as shares in properties can be an area of some complexity, and it would be good to get some advice on this point if it is worrying you and you are thinking of proposing an IVA.

Posted: **Sun Mar 29, 2009 8:56 pm**

I did disclose it to tina on friday

Posted: **Sun Mar 29, 2009 9:00 pm**

Presumably you have a 'half' share in the house? If anything happens to your father during an IVA, would you have to buy out other family members from your father's half?

Posted: **Sun Mar 29, 2009 9:01 pm**

No they get a share of the full house its split between four of us.

Posted: **Sun Mar 29, 2009 9:05 pm**

So if you wanted to stay there, would you have to buy them out? Or do they live there as well?

Posted: **Sun Mar 29, 2009 9:10 pm**

If i live there on my own i havent got to buy them out but if i get married iwould have to buy them out.

Posted: **Sun Mar 29, 2009 9:14 pm**

At least you won't have that to worry about then.

And just having re-read that - I didn't mean it to come out like that! I meant that if you don't get married in that time, the house shouldn't be a problem!

Posted: **Sun Mar 29, 2009 9:17 pm**

be easier for me to stop on dmp and pay lot back for next tweny year by sounds of it

Posted: **Sun Mar 29, 2009 9:23 pm**

An IVA will be better if you can do it as it will be over in far less time than it will take you to finish your DMP, and there is no guarantee that the creditors will keep freezing the interest and charges.

Posted: **Sun Mar 29, 2009 9:28 pm**

Its house thats themost worrying cos it isnt really mine. I think i should really stop coming to the forum and thanks to everyone who has beenvery kind but im more confused and i had a tangfastic time reading everyone elses worries thanks

www.iva.co.uk

House