All Forums  archive  bankruptcy postbag for august  told that we cannot be made bankrupt

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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by jason[/i] [br]I am currently in an IVA and have a secured loan on my property worth £60k, and are paying interest only on our mortgage. I am thinking of 'handing the keys back' on the house and renting. I am aware that the IVA is offering us some protection from unsecured creditors, but cannot see the point in continuing to pay off all over £2.5k a month in payments to mortgage/second charge and IVA, and lose any sort of quality of life. I have 3 kids with another one on the way and want to know what will happen to us if we decide this course of action. My wife and I work in the finance sector and are concerned for our jobs if we are made bankrupt. We have been told by the IVA supervisor that we cannot be made bankrupt due to the level of loans we took our three years ago, and apparently this could be considered as fraud. I dont want to spend another 20 years paying people off and leading the life that I am currently. [/quote]   Check here to include your profile signature. Check here to subscribe to this topic.