www.iva.co.uk

would anybody be able to give me a little advice if bankruptcy is my only option i have no equity in my house i wouldnt be able to pay for bankruptcy for me and hubby so would have to leave mortgage for a couple of months to pay for this they would then repossess is this correct? we will then have no where to live with 3 kids and the houses to rent round here are scarce so then what do i do and if there is a house to rent u r talkin nearly a 1000 pound bond

The OR will usually allow you to live in the property for 12mths providing you continue to pay the mortgage and any secured loans on it. It is usually 3 missed months before the mortgage/secured loan company will start action against you for repossession. What some people do to raise the cash for bonds and rent in advance by missing their mortgage/SLoan payments.
xx

i havnt got a secured loan on property suppsoe thats a gd thing but i have alreay missed 1 payment in feb

omg hows my spellings 2day my heads a shed full of rubbish needs a gd clear out

Hi anfieldbabe

I am back on my phone later in the afternoon if you want me to have another chat with you regarding the options.

Has Manubabe thought some more about the position and the bankruptcy idea?

You still have another 2 mths before you hit the 3mth limit. Pay your mortgage for as long as you can & keep looking around for somewhere to rent. As you're considering br can I ask if you have stopped paying your creditors yet? As soon as you are aware that you will be deaclaring br stop paying your creditors. This can be seen as showing preference to one above the others if you continue to pay. The CAB should explain to you tomorrow when you attend your appointment

posted on my other thread about my visit to cab