Things may well go pear shaped with them leaving a debt owing of 50k if that happens what can I do to protect our family home we have 3 young children will an iva stop them being able to call in the charge or am I buggered?
You need to speak with an Insolvency firm for specific advice and I would recommend a smaller outfit who would look at this individually, rather than the " IVA factories" who wouldn't have a clue.
Is there equity in the property?
Do you have other unsecured debts? If you were able to deal with them one way or another would this help you pay the secured creditor?
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