Tuesday, January 4, 2011

Individual Voluntary Arrangement help?

Hello i was reading about debt help and i found this blog. So i send my problem to the blog owner to publish it so that i can get debt advice.

My husband buys a house in 2007 with a mortgage and secured loan against it. House worth is $2,000,000. At that time all the process was going well but after few months we have loss in business due to this we could not afford to pay the mortgage and secured loan. So we are deciding to sell our house.

One of my friend told by about "Individual Voluntary Arrangement" can anyone help me what exactly it is?