You could lose your home if you do not adhere to a Trust Deed, Sequestration or IVA Agreement which you enter into and where the Trustee has agreed to accept a payment to relinquish his interest in the property.
You may be declared Bankrupt if you do not adhere to the terms and conditions of your Trust
Deed or IVA. This could mean you losing your home and your insolvency being prolonged.
Under an IVA in England you may have to remortgage your home at the end on the IVA period.
Nothing contained in this brochure should be construed as an invitation to act or to refrain from acting or taking any course of action.
Examples shown are for illustration purposes only and do not represent an opinion or offer on any product that may be advertised or sold by any other organisation.
Court representation for debt matters is subject to acceptance, location, by appointment only and prepaid fee where appropriate.
A fee may be payable in all cases. This will depend on the individual case and work involved.
Remember:
- Reducing payments will increase the time it takes to pay off your debts.
- Creditors may continue to add interest and charges or take legal action at their discretion under a repayment plan.
- Consolidation loans only increase your debt & could extend the repayment period and the overall amount you pay back
- Securing a consolidation loan to your home could result in substantial negative equity and may create problems if you seek insolvency at a later date.
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