can we go on an iva ?

3 posts Page 1 of 1
Post Reply
 
 

steve22

User avatar
Posts: 1
Joined: Mon Aug 11, 2008 7:28 pm
Location: United Kingdom
Post by steve22 » Mon Aug 11, 2008 8:04 pm
Quote
secured loan company taking legal action aswell as mortage company got a buyer for house enough to clear mortgage but nothing left for secured loans got ccjs against us with debts of over 60000 can we go on an iva and what will happen with secured loan
Top
 
 

moretolife

User avatar
Posts: 1390
Joined: Thu Jul 10, 2008 12:02 pm
Location: United Kingdom
Post by moretolife » Mon Aug 11, 2008 8:08 pm
Quote
hi steve 22 .welcome to forum...stay close and i am sure an expert will be along to help you out
IVA completed 11th Dec 2009 due to a Full and Final with the fantastic help of Michael Peoples and
Mc Cambridge Duffy

Visit my blog...Journey from Debt to Life Post IVA
http://moretolife.blogs.iva.co.uk
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Mon Aug 11, 2008 8:30 pm
Quote
If you enter into an IVA with a potential secured loan shortfall, that debt will become unsecured and can be included but I imagine the liability could be quite substantial.
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
3 posts Page 1 of 1
Return to “postings for august”