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Voluntary charge vs IVA
Judedog208
Posts: 1 Newbie
in IVA & DRO
We are reluctant to enter into an IVA, but we do have equity in our home that would easily cover our debts when the house sells (on the market at present). Does anyone have experience of a voluntary charge and what it entails?
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Comments
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Do NOT enter an IVA if you expect to sell your house. Is most of your debt owed to one creditor?0
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A voluntary charge can be useful if faced with a statutory demand.
Are your debts defaulted? Why are you thinking about a voluntary charge?
I would have though full & final settlement would make more sense.
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