will my home be at risk if we take out a iva

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leigh-anne

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Post by leigh-anne » Wed Aug 04, 2010 5:42 pm
will my home be at risk if we take out a iva
 
 

kallis3

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Post by kallis3 » Wed Aug 04, 2010 6:04 pm
Hi and welcome to the forum.

You may be required to try and release some equity from your property, but as long as you continue to pay your mortgage and any secured loans then it should be safe.
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.
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MelanieGiles

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Post by MelanieGiles » Thu Aug 05, 2010 1:39 am
Not at all - IVAs these days are designed to protect properties not put them at risk.
Regards, Melanie Giles, Insolvency Practitioner
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