Hi all, My IVA was concluded back in Feb 2008 after an early settlement figure was agreed with my creditors. They received approx 52p in the £, close to what was agreed at the start of my IVA in Feb 2007. I sent a copy of my IVA completion letter to the 3 credit reference agencies and it seems they ...

Hi all, I want to give my IP a chance to go back to NR with some further details (my income/expenditure and a recent valuation on my flat which shows I am now £9k in negative equity) before I decide what I do next. On Catullus's advice I went back and checked the variation proposal sent to my credit...

Hi all and thanks once again for your advice. I have asked my IP for reasons why NR rejected my offer and was told in a short email "none given". I also asked whether NR was in receipt of all my details before the variation meeting, this question was ignored. I further requested advice on what to do...

Hi all, I heard today from my IP that my full and final offer has been rejected by Northern Rock who are my largest creditor. No reasons were given. I am flabbergasted for many reasons, not least of which is the fact that my flat has been recently valued at £8,500 less than the price I paid for it 2...

After getting all worked up about my variation meeting to consider my F&F offer set for tomorrow I have just been informed by my IP that a creditor has requested a 7-day delay in the meeting. Funny thing is, if I hadn't emailed my IP to ask what time tomorrow I could expect the decision I bet they w...

Many thanks to everyone for their advice. Andrew & Mike: Having read my documents you are right, Barratts have a second legal charge placed on my flat (25%) which must be repaid as 25% of its disposal value within 10 years. However there is a clause which states "You must not create any other mortga...

Hi catullus, many thanks for your reply. I don't have a housing association shared ownership flat but a 'Dream Start' scheme run by Barratts for key workers (in my case I am a teacher). I wasn't aware of any restrictions regarding remortgaging in this scheme but will take a good look at the conditio...

Hello all, an update to my situation and a request for further advice. I have been in touch with my IP and he was rather vague on a settlement figure. He also notified me that I have 2 creditors that have not yet claimed (total of £3k owed) which is a bit worrying given my IVA was agreed in Feb 2007...

Thanks Ang, Would this be the original amount they would have got in the IVA or the new amount assuming my contributions for the next 3 years will be reduced as the result in the increase in my monthly mortgage payment? kind regards M Hi there I think the usual accepted figure is arounds the same as...

Hi Andy, I purchased the flat as part of the 'Dream Start Scheme' from Barratts for key workers (I am a teacher). As part of the scheme Barratts lent me 25% of the purchase price of the property and they are entitled to receive 25% of the market value on sale of the property. I have looked at the Dr...

Hello all, Before I contact my IVA Supervisor for advice I thought I would seek advice on this forum. My situation is as follows: I am approaching the end of my first year of a 5 year IVA on original debts of £47,000. My agreement requires a minimum dividend of 45p in the pound to creditors with an ...