How can I sort things out without loosing my home

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jamila

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Post by jamila » Thu Aug 07, 2008 11:49 pm
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I have debts of £120000 that accumulated from a business that failed. How can I sort things out with the creditors(pay them the minimum) without loosing my home. I am not working at the moment,but i'm willing to contribute with the minimum.
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size5

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Post by size5 » Thu Aug 07, 2008 11:56 pm
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If you are not working then you may not have anything to give to your creditors on an ongoing basis, but please take professional advice as soon as you can.

www.iva.com is a good place to start to look at all the various providers on there.

Regards.
Cert DR
23+ years in debt advice
I do not post for anyone other than myself

Follow my tweets at http://twitter.com/debtmastersize5
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MelanieGiles

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Post by MelanieGiles » Fri Aug 08, 2008 12:24 am
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Hi Jamila and welcome to the forum

How much is your property actually worth, and how much do you owe on the mortgage and any other secured loans? Also is the property in your name solely, or is it jointly owned?
Regards, Melanie Giles, Insolvency Practitioner
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