Page 1 of 1
Posted: Fri Feb 27, 2015 2:41 pm
by Adrian.86
HI CAN I B FORCED INTO SECURED LOAN IF UNABLE 2 REMORTGAGE IM IN MY MONTH 44 OF IVA ON MY PAPERWORK IT CLEARLY SAYS IF I CANT GET THE EQUITY OUT THAN 3RD PARTY OFFER OR 12 EXTRA PAYMENTS PLS ANYONE ????
Posted: Fri Feb 27, 2015 2:45 pm
by lifenoteasy
If someone was willing to provide a secured loan and it realised the most for the creditors then you have already agreed to it. However, most posts on here tend to suggest that an extra 12 months payment is more the norm.
Posted: Fri Feb 27, 2015 2:51 pm
by Michael Peoples
This depends on whether you have a minimum dividend requirement for example or if HMRC are a creditor. They do not like extensions and could demand a house sale if you cannot release any equity. It depends on a lot of things which your own IP should be able to explain to you.