If you mean if you do an IVA no they (the creditors) can't take your house but they can refuse to accept your IVA proposal if you have significant equity tied up in it of if they deem your mortgage costs are far higher than they need to be and you could afford to repy your debts if you lived in similar rental accommodation.
Are you considering at looking to have some kind of arrangement with your creditors?
Regards,
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.
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Hi
The new IVA protocol states that creditors will not ask you to sell your house in an IVA if you are unable to release equity by way of a remortgage
Regards
