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IVA and poss redundancy
mtd-142128
Posts: 105 Forumite
in IVA & DRO
Hi
Hubby is into the fourth year in his IVA and there is the possibility that he will be made redundant due to the recession looming
What will happen if he can't keep up with the repayments.
Will he have to be made bankrupt after tryin his best to repay the debts, also worried about the house as we have a mortgage
I can't help much as I am self managing my debt repayments
Any help would be appreciated
Hubby is into the fourth year in his IVA and there is the possibility that he will be made redundant due to the recession looming
What will happen if he can't keep up with the repayments.
Will he have to be made bankrupt after tryin his best to repay the debts, also worried about the house as we have a mortgage
I can't help much as I am self managing my debt repayments
Any help would be appreciated
0
Comments
-
Very quick assessment of situation - is your husband in line for a redundancy payout? If so, talk to your IP and ask them to set up a full and final settlement offer to your creditors.0
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