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Advice, information and resources on debt related issues including debt management plans, IVA's and Bankruptcy.

What implications will an Individual Voluntary Arrangement have on my property?

Published in Debt Advice Features on Monday, March 05 2007 0 Comments

In an Individual Voluntary Arrangement you are usually required to release any equity you have in your property and put it into the IVA alongside your contributions. This is usually done in the fourth year of the IVA. However there are a few factors to consider here.

Will I lose my home in bankruptcy?

Published in Debt Advice Features on Monday, March 05 2007 0 Comments

This very much depends on a number of factors. For example, how much equity is there? Are there any joint home owners? How much do you pay for your mortgage?

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