IVA Advise Please

Jabbawoky

sorry if posted in wrong section but i need some advice on an iva im currently in

i have just hit to 2year mark into an iva but have just lost my job,and am abit concerned what to do next....

would there be much point in moving my house into just my wifes name to keep it safe or this a non-starter..only i am named in the iva

any other help would be appreciated

FoggyBrain_2

Putting the house into your wife's name is a non starter. There is probably a marker on it at Land Registry so the IP would be warned. Other than that, if BR beckoned the transaction would likely be reversed by the courts.

First thing you need to do is chat to your IP -- you might be able to agree a break whilst you are looking for other work.

Aidanb_2

Hi,

I was in the same situation but I luckly found something before I left, so no break. with my IVA i was able to extend the agreement by missing payments and adding on to the end and was allowed a max of 12 if your IVA comapny allow you to do this then maybe an option.

But I do agree with FoggyBrain and spaek to your IP they are there to help you and maybe able to help you out.

Regards

Aidan