Can you give me advice please! We had hoped to enter in to an IVA, but our IP has said that it is very unlikely to be accepted because of household exp morgage and 2nd charge =£1300 pcm
and we are in a neg equity of £62k!! We have been given the opportunity of renting a friends house £700pcm if we do this do I just give the keys to the morgage com and can the 2nd charge be included in BR with unsecured debts? and what do they class as assets?