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Posted: Mon Aug 11, 2008 8:04 pm
by steve22
secured loan company taking legal action aswell as mortage company got a buyer for house enough to clear mortgage but nothing left for secured loans got ccjs against us with debts of over 60000 can we go on an iva and what will happen with secured loan
Posted: Mon Aug 11, 2008 8:08 pm
by moretolife
hi steve 22 .welcome to forum...stay close and i am sure an expert will be along to help you out
Posted: Mon Aug 11, 2008 8:30 pm
by MelanieGiles
If you enter into an IVA with a potential secured loan shortfall, that debt will become unsecured and can be included but I imagine the liability could be quite substantial.