can mortgages be included in an IVA??

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lilcheekychik

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Post by lilcheekychik » Sun May 13, 2007 3:29 pm
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can mortgages be included in an IVA??
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tracy.h

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Post by tracy.h » Sun May 13, 2007 3:42 pm
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Hi LiLycheeychik
welcome to the forum.Only unsecured credit can be included in an IVA.

Tracy
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MelanieGiles

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Post by MelanieGiles » Sun May 13, 2007 3:54 pm
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Hi lilcheekychik

An IVA does not affect the rights of secured creditors, so you will need to ensure that you continue paying your mortgage payments throughout the duration of the IVA. As Tracy correctly says, IVAs only take account of unsecured debts.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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