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Will my share of house go into ex's IVA?
Posted: Sat Oct 16, 2021 1:03 pm
by maria858
We have just sold house my ex has IVA has given solicitor name does at the end when mortgage fees and solicitor fees does the Iva come out my share
Re: <t>Will my share of house go into ex's IVA?</t>
Posted: Sat Oct 16, 2021 1:39 pm
by kallis3
It will be classed as a windfall and will have to be declared to your IVA. If you can pay your creditors 100p in the pound plus fees and possible statutory interest then anything left over will be yours.
Re: <t>Will my share of house go into ex's IVA?</t>
Posted: Sat Oct 16, 2021 8:12 pm
by Foggy
To be clear: Ex has an IVA and you do not ? If this is so then his IVA will take his share of equity, after fees and mortgage redemption and your share ( presumably half) should be left alone and paid to you.
Re: <t>Will my share of house go into ex's IVA?</t>
Posted: Mon Oct 18, 2021 2:20 am
by luluj
I agree foggy - that's how I read it too. The OP should not be impacted by the same of house and her ex's iva.