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Posted: Thu Mar 03, 2011 1:52 pm
by rustydatsun
With both an IVA or Bankruptcy, what are the chances that I would lose my home, and if I rented the property out would this make difference to the outcome of what happens to the property?
Posted: Thu Mar 03, 2011 1:52 pm
by Shining
http://iva.co.uk/forum/topic.asp?TOPIC_ID=35654
Hi there think the link above will help answer your post.
Posted: Thu Mar 03, 2011 3:25 pm
by James Falla
Hi rustydatsum
The answer to your question really depends on the amount of equity in your property. How much equity do you have? At the end of the day, an IVA is designed to protect your property although you may well have to be prepared to release equity from it to increase the return to your creditors.