include mortgage repayments in IVA?

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jdc8

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Post by jdc8 » Sun Oct 05, 2008 8:49 am
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When working out my total debt for an IVA is it only unsecured loans credits cards that count towards an IVA or do I include mortgage repayments as well?
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aguise

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Post by aguise » Sun Oct 05, 2008 8:52 am
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Hi there jdc8 and welcome to the forum.
Yes it is only your unsecured debts. Your mortgage would be included in you expenditure as a necessary outgoing.
Please ask anything you are unsure of sommeone is always around.

Ang
Please visit my blog at http://aguise.blogs.iva.co.uk/
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Viki.W

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Post by Viki.W » Sun Oct 05, 2008 9:03 am
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Hey jdc8, welcome to the forum. As Ang has said, please feel free to ask as many questions as you want and if you want to post some more details we can help further. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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MelanieGiles

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Post by MelanieGiles » Sun Oct 05, 2008 4:08 pm
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The girls are right. IVAs do not affect the rights of secured creditors, and you will need to be able to afford to carry on making your mortgage payments within the IVA, to avoid this creditor taking possession action against your property.
Regards, Melanie Giles, Insolvency Practitioner
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