would i lose my home if i entered in to an i v a

4 posts Page 1 of 1
Post Reply
 
 

Tab1

User avatar
Posts: 1
Joined: Thu Apr 10, 2008 8:38 pm
Location:
Post by Tab1 » Thu Apr 10, 2008 8:38 pm
Quote
would i lose my home if i entered in to an i v a
Top
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:
Post by Adam Davies » Thu Apr 10, 2008 9:49 pm
Quote
Hi
If you kept up the repayments on any mortgage or secured loan then NO.
If you failed your IVA then it is possible that your creditors will petition for bankruptcy and you could then lose your house
Regards
Andam Davies
Top
 
 

ji ni

User avatar
Posts: 11
Joined: Mon Mar 31, 2008 5:38 pm
Location:
Post by ji ni » Thu Apr 10, 2008 9:52 pm
Quote
can you still get an iva if you have mortgage arrears and are currently paying extra each month to reduce them.
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Thu Apr 10, 2008 9:53 pm
Quote
Yes - that is entirely possible, so long as you were able to make ongoing payments from the remainder of your disposable income.
Last edited by MelanieGiles on Thu Apr 10, 2008 9:54 pm, edited 1 time in total.
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
4 posts Page 1 of 1
Return to “postings for april”