We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
advise please, 4years 9 months in!
Comments
-
pool-hustler wrote: »i have 11 months on my IVA.
I have a property with a bit of equity (not much).
The thing is, I don't think they know about this property... Will they find out?
Not trying to criticise, but the only reason we enter into IVAs is that we cannot afford to pay back our creditors the amount of money we have spent (along with the interest payments we agreed to when taking out loans, credit cards).
Entering into an IVA means your creditors have agreed your in difficulty and accept that you can only pay what your IP is telling them. So from the outset you have to be honest and I'm sure they could find out about this property so the age old saying 'honesty, best policy' last thing you want is a notice of correction.IVA Completed - 2010"Wine for my men, we ride at dawn"960 -
pool-hustler wrote: »i have 11 months on my IVA.
I have a property with a bit of equity (not much).
The thing is, I don't think they know about this property... Will they find out?
And how exactly would they find you out, I don't think they would unless you told them.
Like other posters have said we enter an IVA because we want to pay our debts back,0 -
thanks.
Some food for thought
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards