2007-01-18 00:05:04 · 2 answers · asked by witty 1 in Business & Finance ➔ Renting & Real Estate
I am not sure there is a normal as IVAs are rather new.
You owe people and you have assets. It is valid for the creditors to get a large part of all your assets against what you owe. They are likely taking less than they are owed so they are looking at a loss.
If you can keep any of the equity you are doing pretty well is one view.
If you do not have to move and can still have a roof over your head while not having a full bankruptcy you might be rather lucky.
2007-01-18 01:59:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I assume you are in default of your Mortgage ?
As in all cases, expect "it depends" - the payments you have made in the past should count for something -
At the end of the day, at least you still have a roof over your head ...
2007-01-18 00:22:08 · answer #2 · answered by Steve B 7 · 0⤊ 0⤋