Hi lith
Who do you mean by "they"? The secured loan company, your IP or the creditors?
So long as you are in a position to maintain your payments to the secured creditor, then this will be completely outside of the IVA proceeding - as an IVA cannot affect the rights of secured creditors. You should provide for the secured loan payment in your income and expenditure, and make sure that you continue the payments throughout the process.
Do you have equity in your property, or are you in negative equity as a result of the loan?
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at
http://www.melaniegiles.com and view my IVA blog at:
http://melaniegiles.blogs.iva.co.uk
