i have 2 charging orders against my house

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michael_b

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Post by michael_b » Fri Jul 24, 2009 12:12 pm
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i have 2 charging orders against my house what would happen to these if i were to enter into an iva?
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Declan at DebtFreeDirect

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Post by Declan at DebtFreeDirect » Fri Jul 24, 2009 12:21 pm
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Hi Michael
Firstly welcome to iva.co.uk. I hope you find it useful.
In relation to the charging orders, they would be classed as secured creditors. If, at present you are required to make repayments on these charging orders then this would form part of your monthly expenditure in the IVA.
If you do decide to enter into an IVA, your Insolvency Practitioner will run through everything thoroughly with you so you fully understand what is involved.

Thanks
Declan Murray
Debt Advisor
Debt Free Direct - the UK's largest IVA provider.
http://www.debtfreedirect.co.uk/iva/
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Michael Peoples

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Post by Michael Peoples » Fri Jul 24, 2009 12:29 pm
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If the charges have not been made absolute the IVA could stop them. Have you received interim charging orders or is it too late to do anything now?
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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