Hi,Been in an IVA for 3 1/2 years

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orange

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Post by orange » Mon Jan 26, 2009 9:14 pm
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Hi,

Been in an IVA for 3 1/2 years now and still struggling.

My question is - now that my mortgage rate has come down and I have some spare money can I use this money to pay back arrears in my mortgage (I think that this will be ok) and after that would it be acceptable to repay money that I have borrowed from family while I have been in the IVA?

Thanks in anticipation fro your help
completed july 2011
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MelanieGiles

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Post by MelanieGiles » Mon Jan 26, 2009 9:16 pm
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The mortgage saving needs to be passed on to your creditors, but I firstly would recommend that you brink the mortgage up to date.
Regards, Melanie Giles, Insolvency Practitioner
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