i am moving in with my partner, due to have the baby in july so cannot afford to keep paying my mortgage. the house prices are less than what my mortgage is worth so there would be a shortfall which would be included in the bankruptcy. there is about 6 houses up fore sale on the same road as mine th...

morning just wondering if anyone can give me some advice on how to surrender my house? give it up to mortgage company? if so do i need to be in arrears with mortgage?

just spooke with iva company today... they are terminating iva now as per my wishes. they were concerned i have no equity in my house, house valued at 69000, motgage with fees stands at 67000 however the houses alongside mine are selling at 60000 or less. they say this means going br would mean i ke...

thankyou, the advice given has helped alot. i have cancelled my direct debit for payments of iva. need to call them monday. do i now have to let the next 3 months pass before starting with bankruptcy proceedings or can i start this process almost straight away?

thankyou

sorry, if i let the iva fail, by stopping my payments the iva company i am with cannot stop me doing this can they? they keep trying to talk me into things that i just dont want to do, my heart is just not in trying with it anymore. would i then be on my own with regards to bankruptcy or would they ...

thankyou for replying, how do i go about letting my iva fail and quickly?

I am not sure, i know i will get paid 123.26 per week maternity, this is for 6 months. my mortgage stands at 412.28 per month so that money would onl,y just cover the house payments. i am not fully sure of the other money i would get from child benefits etc.. then obviously i have my council tax and...

i am currently in iva, having a baby in july. this will mean i lose income of 1000 pounds a month and will be getting only 123.06 per week. out of this i need to pay morgage 412 pm, 381 iva pm. i have contacted iva company telling them i am worried about this and see bankruptcy as my only way out......