can a iva release me from a charge

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mark.ps

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Post by mark.ps » Fri Jul 23, 2010 7:44 pm
can a iva release me from a charge against my house
 
 

MelanieGiles

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Post by MelanieGiles » Fri Jul 23, 2010 8:12 pm
Hi Mark and welcome to the forum

Unfortunately not - the debt is now secured on your property and if it remains unpaid you could be setting yourself up for possession proceedings. Try to come to some arrangement with the creditor to pay ongoing payments if they need this, and then see how much is left to deal with the rest of your creditors.
Regards, Melanie Giles, Insolvency Practitioner
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