I am looking at an iva as in debt - have a mortgage of 137,000 and the estimated value of the property is 185000. i have always made the morgage payments. If i was to take out an iva would I be forced to sell the house as a way of paying part of my debts
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
It would be very unlikely that you would be required to sell your property - but I would take expert advice from an insolvency practitioner about all of the debt solution options you currently have available to you.