Can second mortgate be included in IVA?

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flintshire

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Post by flintshire » Mon Sep 19, 2005 5:37 pm
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I currently owe £42,000 mortgage
£30,000 for second mortgage
Credit cards debts of £5,000
Can all this be included in an IVA?
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IVA News

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Post by IVA News » Mon Sep 19, 2005 6:36 pm
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Hi, You can include all your debts in an IVA except for the mortgage. This means that the only debt listed above that can be used in an IVA is the £5k credit card debt. However you need at least £15k for an IVA. Bankruptcy or informal repayment or loan consolidation are other options. Try our debt wizard at: http://www.iva-info-uk.org.uk/iva_uk.asp to find the best solution for you.
Please post any news stories about IVAs here:
http://www.iva.co.uk/forum/default.asp?CAT_ID=5

See my Blog:
http://ivanews.blogs.iva.co.uk
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