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Posted: Thu Apr 17, 2008 8:56 pm
by jan_f
We were in a IVA but after 18 months, they decided we had enough in our house to remortage and repay our creditors. Eventully the creditors accepted but due to Northern Rock and the so called 'credit crunch' 3 lenders have pulled out and now this one is the last one who are still deciding wether to go ahead.

The brokers are really fighting for it and even we lose this one, we can't go back into the IVA and we may well have to go bankrupt and lose our home which is what we've been trying to avoid all this time. Any advise would be greatly received.

Posted: Thu Apr 17, 2008 9:51 pm
by MelanieGiles
Hi ian and welcome to the forum

Why can you not simply continue to make the IVA payment on a monthly basis into the future?