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?
Who is onlineUsers browsing this forum: Bing [Bot] and 4 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location