do you have to be a homeowner?

Options
samuelsmommy
samuelsmommy Posts: 50 Forumite
in IVA & DRO
hi

do you have to be a home owner to have an iva?:think:

tia

Comments

  • misscutiepie1984
    misscutiepie1984 Posts: 1,277 Forumite
    First Anniversary Combo Breaker
    Options
    no you don't need to be a home owner
    Official DFW Nerd number 227
    Proud to be dealing with my debts!!!!
  • debtinfo
    debtinfo Posts: 7,012 Forumite
    Options
    no you dont, but one of the most obvious advantages of an IVA over bankruptcy is that you can protect equity in your home
    Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
    Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.
  • ciderwithrosie_2
    ciderwithrosie_2 Posts: 3,707 Forumite
    Options
    No, we only rent (housing association) and we were accepted. We were told we were in a good position because we had a reliable amount of money coming in but no assets.

    regards CWR
    Over futile odds
    And laughed at by the gods
    And now the final frame
    Love is a losing game
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.3K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608.1K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 248K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards