We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
IVA and Mortgage Shortfall Question
Options
I just wanted to ask a question that I can't seem to find the answer to on here.
If you are accepted for an IVA and then you have a shortfall on a mortgage for whatever reason, will the shortfall be "rolled" into the IVA as it is done with opting for BR?
Many thanks for you time
If you are accepted for an IVA and then you have a shortfall on a mortgage for whatever reason, will the shortfall be "rolled" into the IVA as it is done with opting for BR?
Many thanks for you time
0
Comments
-
Depends on the timing -- but the shortfall becomes an unsecured debt and can therefore be included in the IVA. Best to discuss with your IP before doing anything drastic. He will have to agree to the sale in any event if the house has been included as an asset.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards