Advice

[SteveW35]

Well i already feel better just reading the posts i will contact NR later today and see what they say thanks again everybody. I will let you know how i get on.

Steve

[SteveW35]

Hi everybody,

I am addicted to this site it is full of good advice and very reassuring.

Following my previous posts am i best contacting Grant Thornton my IP and asking them what a full and final settlement on my debt?
Then contactin NR to see if i can raise the money via my equity in my house.Thats if there is enough.

Steve

[Andrew Graveson]

Hello Steve,

I can only advise on the mortgage side of things. As Mike (Mike Burridge, from Leybridge!) correctly previously advised a call to your existing lender certainly should be your first call.

If the answer isn't promising or you want to check that you're getting a fair deal there are plenty of mortgage advisers who would be pleased to assist you further.

Andrew Graveson
Mortgage Broker & Bright Oak Debt Management
andrew@brightoak.co.uk
www.brightoak.co.uk

[MelanieGiles]

And a call to GT does no harm to see if they can give you any advice on settlement protocol.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[SteveW35]

Melanie,
Many thanks from your experience do you think the settlemant figure will be lower now than the 47k originally requested? Baring in mind my 20k i have already contributed.However i do appreciate that the creditors will want as much as possible back.

Steve

[MelanieGiles]

Your settlement will have to be based upon your ability to continue servicing the IVA. If you raise £36k, that will cost your more money in terms of the mortgage, but if you are left with disposable income then they will undoubtedly expect you to continue contributing at theat level until the 5 years are up.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[SteveW35]

Thanks Melanie,

Thought as much but at least the third party payment will be taken care. Thanks for the advice i will chase up with Gareth at GT tomorrow then contact NR. When i went into my IVA my sole intention was to pay back as much as i could if not all so looking good so far.

regards

Steve

[MelanieGiles]

Good luck to you, and exactly the right attitude to have with regard to your creditors.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp