Posted: Mon Feb 25, 2008 7:59 pm
Hi,
Girlfriend and I have joing debts built up over last 3-5yrs due to purchase of a villa in Spain.
Credit card debt of approx £30k, 4 loans totalling 40k with banks, a loan of 35k with parents and 130% mortgage.
We are trying to sell the place in spain but it takes on avergae 2-4yrs to sell in the region.
We are struggling and have defaulted on our credit cards.
However, my girlfriend is a teacher, she has been offerred a job in Vietnam that pays better than here and provides accomodation. It is a 4yr contract so will allow us to save a lot of money and have very little outgoings.
Would we be able to enter into an IVA if we were not in the UK?
Girlfriend and I have joing debts built up over last 3-5yrs due to purchase of a villa in Spain.
Credit card debt of approx £30k, 4 loans totalling 40k with banks, a loan of 35k with parents and 130% mortgage.
We are trying to sell the place in spain but it takes on avergae 2-4yrs to sell in the region.
We are struggling and have defaulted on our credit cards.
However, my girlfriend is a teacher, she has been offerred a job in Vietnam that pays better than here and provides accomodation. It is a 4yr contract so will allow us to save a lot of money and have very little outgoings.
Would we be able to enter into an IVA if we were not in the UK?