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Posted: Tue Apr 07, 2015 4:39 pm
by steven mills
i am filling in forms to sell my house for solicitor,it asks have you ever been bankrupt??,nothing about IVA.do i write NO????
Posted: Tue Apr 07, 2015 4:45 pm
by Foggy
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.
Posted: Tue Apr 07, 2015 8:35 pm
by longslog101
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.