www.iva.co.uk

We are about 1yr into our IVA and are considering selling our house and paying the IVA the £25,000 equity which would be available after the sale. We have a family member who is willing to rent to us so we could scrap the IVA and start again. Our original debt was around £50k with the IVA. Are you able to sell your house duing an IVA and pay off a lump sum and do you think £25k would be accepted as a full and final payment

It could be difficult to get creditors to agree when they could recieve 4 more years of payments plus the equity release at the end.

I would also check the wording in your report, there may be a "no variations in the first xxx years" clause