www.iva.co.uk

ok i might have phrased the question wrongly the quetion i was asking was by taking an iva i put myself i th e position that if i am unable to make the payments on my iva the iva provider can put me into bankruptcy whereas the credit card company debt is an unsecured debt so they couldnt claim against my house thereby unable to make me bankrupt all i am saking is correvt or not

I am finding your posts a little difficult to understand Wobly, sorry!

If you have an unpaid credit card debt, the company can go to Court and secure a charging order against your home, thus making it a secured debt. And the can also make you bankrupt as well.

If you dont make the IVA payments, it will fail and you will be back to where you where before the IVA. Creditors could make you bankrupt but it is highly unlikely that they will.

As Melanie says, a credit card company could go for a charging order on your property then making the debt secure.

None of the above will happen if you keep up with your IVA payments. You are safe from creditors doing anything like that.

Wobly, this question has been answered in detail on a previous thread.

Hey wobly, I think that you are obviously having second thoughts about your IVA, are you struggling with the payments? Do you anticipate it to fail? As Jan has said, I think everyone has tried to answer your question the best they can.

thanks the position is clearer now