If I choose to take out an IVA to settle debts and then sell my house at a later date, will I have to repay?

the debts in full or will I pay the reduced amount, will I still have to wait five years for a clear credit rating.

Answers:
Yes, you will still have to pay the debts in full. I suppose the only thing is you may be able to argue that you are using any profit on the existing property to buy a new property, for instance, because you need to downsize to save costs. Yes, you will still need to wait the full course to have a clear credit rating.

All the best.
talk to your iva administrator. there is probably a charge on your house so you wont be able to sell it without their permission anyway
no

The answers post by the user, for information only, UKQnA.com does not guarantee the right.

  • free advertising any ideas?
  • Does anyone know how tax is calculated on dividends paid out of profits from a limited company?
  • What are the legal implications of becoming a director of a company?
  • Cheque In Euros?
  • I want to register a made up word as a trademark. How much would it cost for [a] usa [b] eu [c] rest or world?
  • what are the tax deductions we are entitled to, without having to pay for an accountant?
  • I'm in debt over £10,000?
  • Are there any decent 'work from home' opportunities?
  • Should i become a company director?