I am suprised you would put an IVA forward effectively preferring an unsecured creditor. I do hope that as a profession we do not encourage using those sort of tactics as this will see a general bun fight for all with even more rejections. I personally am pleased to see that Northern Rock insisted ...

"I spoke to them recently and was advised that they like to see at least half of the debt being repaid, however they will accept lower offers so long as they are the best offer which could be made." Our proposals have all been good dividends with the possibilty of equity release in year 4. In fact o...

Thanks to both replies, looking at sub prime lending would most cetainly be a solid reason for them rejecting all srtuggling borrowers. It certainly flags an opportunity up for THEM, it reduces their bad debt or arrears and retains business.For the CONSUMER not too good, most of our clients had high...

has any one else found that Northern Rock are rejecting IVA's regardless of circumstances? All the rejectons last month were all Northern Rock all different circumstances and levels of debt, all decent dividends and when we tried to ascertain why just hit a brick wall. Cant get to speak to desicion ...