Hi again sorry just dont know if an iva is viable option i owe around 27k soley. But have joint mortgage with husband. There is enough equity to pay off debts (30k) but are struggling to release it. We also have x2 buy to let properties with little equity.woild am iva work for me ?
Probably but consider going with a smaller iva company who can demonstrate they understand your circumstances and impact of the buy to let properties.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
It could work. I suggest you have a chat with a few companies ( as suggested, smaller ones are more likely to look at you as an individual). An IVA is one option, but all of your circumstances need to be weighed up.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Sounds like an option particularly as bankruptcy could cause severe problems. You would probably be able to keep the buy to lets on the proviso you attempt to remortgage them and also that they do not lose money. This sounds like a common enough type of IVA and best of luck with it.
Hi Katie yes it's definitely an option bit I think you really need to see an IP and go through everything in detail. Most good ones will not charge you for an initial meeting. They should then tell you the pros and cons of all your options and recommend what they think is best. Shop around a bit and come back to us if you want anything clarified further.