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 bankruptcy postbag for july
 mortgage and secured loan in IVA or bankruptcy		  New Topic  Reply to Topic
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Maz
Junior Member

United Kingdom
239 Posts
Posted - 17 July 2008 :  11:48:29  Show Profile  Reply with Quote
Our property is only worth £285,000 and have a mortgage of £307,000 and secured loan of £100,000. If I go bankrupt and my husband has an IVA what will happen to the amounts outstanding if we sell the house? will they be put into the IVA or my bankruptcy. Any help gratefully appreciated

Suzanne
Average Member



United Kingdom
869 Posts
Posted - 17 July 2008 :  11:51:15  Show Profile  Visit Suzanne's Homepage  Reply with Quote
Hi Maz

They should be declared in the bankruptcy, but if they are joint then they have to be declared in the IVA also.

Suzanne Stocker
Bankruptcy Manager
Jones Giles Ltd
www.jonesgiles.co.uk
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