www.iva.co.uk

Posted: **Fri Jan 02, 2009 6:21 pm**

Serving soldier needs HELP - I have been told that because I am not currently living in the house I have a mortgage for and that there is very little equity in it that Creditors would see it as an unnecessary expense that is best going to them. Therefore I have been told that I can not enter into an IVA. I have debts, not including the mortgage, of 43K and outgoings of about 1500 per month - unsustainable for me

Please help!!!

Posted: **Fri Jan 02, 2009 6:56 pm**

Hi carl and welcome to the forum

I think that you have been badly advised with regard to the property. So long as you have a tenant living in the property, which is covering your mortgage payments and other outgoings, then there is no reason why creditors would want to see the property sold - as with no equity it would bring no return for them!

I suggest that you take advice from another IP - perhaps one who is experienced of working with members of HM Forces and can understand the differing sources of income and deductions that you guys have to live with. I'm ex-forces myself and do sympathise with the constaints soldiers live under every single day, and also the very old-fashioned view with regard to debt that is still prevalent amongst the hierarchy.

Posted: **Fri Jan 02, 2009 7:51 pm**

Melanie

unless I am mistaken I am sure you have written before that you have a number of armed force personnel currently with you.

Carl - could I suggest a call to Melanie's office on Monday you are probably in the best hands for your situation.

Posted: **Fri Jan 02, 2009 8:14 pm**

I agree with Paul - Melanie is ex forces and you will get good honest advice from her.

Good luck getting this sorted out x

Posted: **Fri Jan 02, 2009 8:26 pm**

Yes, I think Melanie is definitely the one to call.

Posted: **Fri Jan 02, 2009 8:31 pm**

I do have a lot of clients who are serving members of HM Forces Paul.

Posted: **Sat Jan 03, 2009 5:50 am**

Welcome to the forum - I echo the thoughts of others - speak with an different IP (Melanie is ex forces and can offer some advice) - hopefully they can resolve this for you.

Best of luck

Posted: **Sat Jan 03, 2009 3:36 pm**

You should have no problem and you have certainly been badly advised. Visit www.iva.com and get a feel for several Providers as there are a number of practitioners that act for personnel in the forces that could help you. Good luck.

Posted: **Mon Jan 05, 2009 2:15 pm**

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