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Posted: Thu Apr 10, 2008 8:38 pm
by Tab1
would i lose my home if i entered in to an i v a
Posted: Thu Apr 10, 2008 9:49 pm
by Adam Davies
Hi
If you kept up the repayments on any mortgage or secured loan then NO.
If you failed your IVA then it is possible that your creditors will petition for bankruptcy and you could then lose your house
Regards
Posted: Thu Apr 10, 2008 9:52 pm
by ji ni
can you still get an iva if you have mortgage arrears and are currently paying extra each month to reduce them.
Posted: Thu Apr 10, 2008 9:53 pm
by MelanieGiles
Yes - that is entirely possible, so long as you were able to make ongoing payments from the remainder of your disposable income.