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Posted: Thu Oct 09, 2008 7:20 pm
by bluesarebest
i have a property with a secured loan attached which gives me negative equity,will an iva still be possible without loosing my home
Posted: Thu Oct 09, 2008 7:30 pm
by kallis3
Hi and welcome.
An IVA is possible without you losing your home, can you post a little more information? What unsecured debts do you have?
Posted: Thu Oct 09, 2008 9:22 pm
by MelanieGiles
It may well be possible so long as you can carry on paying the mortgage and secured loan, together with monthly contributions to your other creditors via the IVA.
Posted: Fri Oct 10, 2008 6:18 am
by David Mond
Depends on the totality of your debts and whether you have enough income to make a reasonable contribution to your unsecured creditors as well as meeting the mortgage and secured loan payments.