Sorry to ressurect this thread after so long,but i'm a bit confused!! At my annual review,if my partner earns(for the sake of argument) 60% of the household income, then she should pay 60% of the bills. I therefore pay 40%. The surplus for my IVA is what I have left over after the 40% payment. Her s...

So does that mean that at my annual reviews I put down her income at the original level it was when my IVA started Melanie?

The property is probably worth about 190k,with approx 35-40k equity in it. She feels that she shouldn't have to contribute more...that if we have equal shares in the property then we should pay equal payments to the mortgage etc. And in effect,whether it is going to the household budget or to my cre...

Yes I've got that clause in my IVA. Does anyone have any idea where we could look to try and raise enough money now to go for a F&F? My partner is really worried and upset that should she get a pay rise this year,she would not be any better off,as it would end up being swallowed into my IVA. It does...

Well we've spoken to our mortgage provider and they said there is no way we could haver any money with an IVA on my credit record. So how am I supposed to raise money on my share of the house after 4 years of my IVA on my own,if we can't do it jointly? My partner cannot even get a personal loan now ...

Melanie,my partner definitely didn't sign anything to that effect at the start of my IVA. She realises and accepts that I will have to make every effort to raise the 85% of my equity in the house at the end of year 4. We have equal 50% shares in the house,but she put £30k in at the start for deposit...

Yes I've got the final year equity release clause Melanie,and the RX1 form was returned. My partner agreed to me attempting to remortgage my share of the property at the outset,and is prepared to remortgage some of her share for a F&F. Whether she will agree to her share being remorgaged in the fina...

Thanks Michael...I was thinking of 12-13k ballpark figure. The house has approx 35k equity in it....however the first 30k is my partners,and this is written into my IVA. We are somewhat struggling,as at the moment as my work is very sparse(self employed!!) We were thinking of trying to put the extra...

Hi all, I'm currently 18 months into my IVA, which was for £18k, giving a return of 26p in the pound. After some quick sums I was thinking of a Full and Final offer of £12k. A couple of questions: 1...Does this sound a fair offer that is likely to be accepted? 2... I own a property with my partner.T...

Phew!! Sorted!!
Apparantly NR have agreed that as they can't prove that they sent a fax, the vote will stand and the IVA is approved - the IP said that they were getting the paperwork out "before they change their minds!!"
Never easy is it!!
Steve

Creditors meeting 2 weeks ago had to be adjourned for slight modification(extra £16 per month). I was told by phone yesterday that it had been approved,got the nice letter from my case manager this morning.....Great!!! Then get a phone call saying Northern Rock (my major creditor) had voted no,but m...

Hi,
All the paperwork for my IVA is collected,and as I'm self-employed I have to meet with my IP,Melanie,which is booked for Thursday.
This morning I recieved a County Court claim from one of my creditors.
Does anyone know how this will affect my IVA proposal?
Thanks in advance for any replies,
Steve

Thanks Andie.
The trouble with the DMP is that the interest on the credit cards being added every month is much more than I'm paying....so the debts are still rising!!
Has anyone EVER got an IVA agreed by Northern Rock??

Steve

Yes,what I was told after 2 months was "we've had another look at your case & think that an IVA is worth trying....so we'll keep the next £400 you pay to go into your IVA fund"....oh well,you live and learn!!!! As it seems that there is little chance of getting an IVA past Northern Rock,what realist...

Thanks very much for all the replies, I have stopped paying Byrom and Keeley but have not started paying the IP yet,nor have I signed anything with them. They did say that there was a chance Northern Rock would accept an IVA if they got 42p in the £ or over. I've never heard of the SIVA in Oct 08......