- Wed Jun 06, 2012 3:12 pm #22511
Hi,desperately in need of some quick advice for my sister and brother in law. They are about 2 1/2 years into an iva, but are left with only £20 to £40 a week to live on with their 2 children. Its not so much the iva but the mortgage is just too much. They borrowed money for a full and final offer and put their house up for sale to pay the money back they borrowed leaving them with nothing. The offer has been in now for about 8 weeks and today they were told it will take between 6&8 months to be completed. They are still taking monthly payments and this is crippling them. How can they get rid of this iva as quickly as possible. How long does bankruptcy take if they decided to go down that route? Can they get the money back they offered?