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Posted: Sun May 13, 2007 3:29 pm
by lilcheekychik
can mortgages be included in an IVA??
Posted: Sun May 13, 2007 3:42 pm
by tracy.h
Hi LiLycheeychik
welcome to the forum.Only unsecured credit can be included in an IVA.
Tracy
Posted: Sun May 13, 2007 3:54 pm
by MelanieGiles
Hi lilcheekychik
An IVA does not affect the rights of secured creditors, so you will need to ensure that you continue paying your mortgage payments throughout the duration of the IVA. As Tracy correctly says, IVAs only take account of unsecured debts.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at
http://www.melaniegiles.com and view my IVA blog at:
http://melaniegiles.blogs.iva.co.uk