creditors meeting tomorrow NorthernRock rejected

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myrtle

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Post by myrtle » Tue May 22, 2007 4:19 pm
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My creditors meeting is tomorrow and oday the largest creditor - Northern Rock has rejected and won't enter into discussions they just say I don't meet their criteria my IP has put together my IVA at approx. 36p in the £, I have read today of people being able to negotiate with Northern Rock but we haven't been able to, do you have any suggestions at this late stage?
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Sadsack

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Post by Sadsack » Tue May 22, 2007 4:22 pm
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Hi Myrtle and welcome

NR are pretty set in their ways in terms of getting the best return. I am not an expert in these "negotiations", but if you just hang tough for a while, a REAL expert will be along to give you sound advice.

Sue

Ho Hum! Think I'll bang my drum!

Read My Blog
http://sadsack.blogs.iva.co.uk/
Ho Hum! Think I'll bang my drum!

Read My Blog
http://sadsack.blogs.iva.co.uk/
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MelanieGiles

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Post by MelanieGiles » Tue May 22, 2007 7:50 pm
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I always manage to speak to someone at Northern Rock and find them very helpful. They tell you straight if they do not like something, and that is absolutely fair.

How old is the debt with Northern Rock? They do not like seeing IVA proposals for debts which are less than one year old.

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

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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