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IVA or Bankruptcy?
8uster
Posts: 2 Newbie
Hi
I have personal debt which I can just about keep on top of for the moment. I also have some debt which has recently come to me from a business I used to be involved in. This debt I can't pay, it is going to push me over the limit.
My question is should I go through an IVA or Bankruptcy as I want to keep my house? I have equity in my house but my mortgage lender won't lend me any more money to pay my debts? What should I do?
I have personal debt which I can just about keep on top of for the moment. I also have some debt which has recently come to me from a business I used to be involved in. This debt I can't pay, it is going to push me over the limit.
My question is should I go through an IVA or Bankruptcy as I want to keep my house? I have equity in my house but my mortgage lender won't lend me any more money to pay my debts? What should I do?
0
Comments
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How much equity? Is anyone else entitled to a portion of it? (partner etc.....).
Take advice from the people in the bottom links in my signature.Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
The equity is around 20 grand and the debt is 15. Problem is if I can up my mortgage I'm not sure if I could afford that?
My partner is entitled to a portion of the equity but she also was involved in the business that ran up the debts?0
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