Making much

more sense

of the detail

Frequently Asked Questions Continued...

4. I own a property, will I lose my home?

No, your IVA proposal will not require you to sell your home. You may be required, however, to take reasonable steps to ensure any available equity is paid to your creditors towards the end of your IVA term. This is usually achieved via a re-mortgage.

5. Who receives a copy of your proposal?

Apart from your creditors and us, nobody. An IVA is a confidential arrangement between you and your creditors. The IVA process requires that Insolvency Practitioners lodge appropriate documentation at your local court but this is not seen by the public. <<back