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Just Joined

1 Posts

Posted - 03 May 2018 :  14:18:11  Show Profile  Reply with Quote

I have an IVA that I had before meeting my wife.

We got married and are divorcing whilst the IVA is still in operation-and will not complete until end of 2019.

I am asking for a share of the property that she owns - for the time I lived there. If I get awarded a sum of money. Will this be taken by my IVA? I currently live in rented accommodation.



IVA Adviser
IVA Expert

786 Posts

Posted - 04 May 2018 :  11:12:27  Show Profile  Reply with Quote
Hi circus.

I think that it's very likely your insolvency practitioner will require such proceeds to be paid into your IVA. It's an opportunity to repay more of what is owed to your creditors.

As always though, best to contact your IVA provider directly to get their view. It might inform whether it's worth your while pressing on this issue as part of the divorce.

I am a professionally qualified debt adviser. To contact me about starting a IVA please:?      
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