My I.V.A has fail and the i.a.v company have told me that i've been told me my best option is to be go for bankruptcy. That means selling my house. What I scare of is that I sell my house and there is not enough money to pay off the mortgage, what would happen. Would the mortgage company have the right to ask me to pay off the out standing balance left after the house has been sold.
If you have little or no equity then you may be able to keep the house as long as you continue to pay the mortgage.
Why did your IVA fail?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
