Hi, I have an iVA with a provider, CD Fairfield,the main point of which was to negotiate a reduction in the second charge Mortgage Trust have on my home and rental properties. CD Fairfield have put an IVA in place and insisted we evict our tenants, which we did despite misgivings about our ability to pay the mortgages however the 'knew best'. Because this lack of income nearly resulted in bankruptcy, we took two properties back and have now rented them again. CD Fairfield will not negotaiate with Mortgage Trust until all houses are sold, and thsi will not happen for a few years yet. I have paid about 25-28k to the IVA escrow account for the unsecured debtors which will not be settled with them again until all houses are sold, so I want my money back in my pension SIPP from whence it came, will this be ok without jeopardising the iVA?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk