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Posted: Thu Aug 07, 2008 11:49 pm
by jamila
I have debts of £120000 that accumulated from a business that failed. How can I sort things out with the creditors(pay them the minimum) without loosing my home. I am not working at the moment,but i'm willing to contribute with the minimum.
Posted: Thu Aug 07, 2008 11:56 pm
by size5
If you are not working then you may not have anything to give to your creditors on an ongoing basis, but please take professional advice as soon as you can.
www.iva.com is a good place to start to look at all the various providers on there.
Regards.
Posted: Fri Aug 08, 2008 12:24 am
by MelanieGiles
Hi Jamila and welcome to the forum
How much is your property actually worth, and how much do you owe on the mortgage and any other secured loans? Also is the property in your name solely, or is it jointly owned?