If I have an IVA, will I lose my house?

If you have equity in your house* then as part of the initial negotiations, your creditors may ask your Insolvency Practitioner to release some capital from your house (e.g. by re-mortgaging). However, you should not be forced to sell your home.

*i.e. if the house were sold, its proceeds would more than repay the monies which are secured against it.

 

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