hi inaiva,in my propasals it says,where the debtor has made payments to the nominee or third parties in relation to the origional consultation or preparation of this proposal.the balance of such payments less the fee agreed with the debtor will immediately be paid into the arrangment for the benefit...

ip just waiting to hear from nr (probally rejected again)ho hum im off to catch some zeds.maybe some news when i wake up.not hoping too much though as the way things have gone in the past.

hi b.o.t,thanx for your comments,its just if they had stated the fact the iva was for longer in the first place it would'nt have bothered me.just being new to all this and finding out as you go along you start to question things.anyway im off to phone the ip to see if nr have made a decision as it w...

hi melanie, the nr loan was taken out 3 yrs ago to run for 10 yrs.12 months after taking out the loan the company that i and my wife worked for was bought out and in aug 06 we were told that it would be shut down,being faced with redundancy on 23 dec 06 faced with the fact that we would have no jobs...

hi ian,i can understand what you are saying about the creditors not expecting to write off a large portion of the debt in a 5yr iva.but why advertise this " be debt free in 5 years " i think its a bit misleading.i personally dont expect the creditors to write off anything but would just like to see ...

hi liz ,phoned my ip and was told that they were still waiting for a reply from the stone(nr). so im still in limbo land this has been going on since september 07 and am just getting a bit peed off with it.wait wait wait wait.

hi emma, this is all new to me.so i accept the fact that they want 6yrs contributions to get the iva started and then in yr4 the equity release thingmybob kicks in and if all goes well i will only have to pay back the mortgage and equity release bit or is it all lumped together as 1 payment, basical...

can anyone explain why northern rock are asking for 6yrs contributions as i was under the impression that an iva lasted for only 5yrs or is this an alternative to the equity release in the 4th year if anyone has any info it would be grateful thanx

HI IAN, ONE PART IS THE TOGETHER MORTGAGE LOAN WHICH AS FAR AS I AM AWARE IS UNSECURED APPX 16K WHICH IS IN MY WIFE AND MY NAME THE OTHER LOAN IS UNSECURED AND STAND AT APPX 28K WHICH STILL HAS 7YRS TO RUN NATWEST 11K LLOYDS 25K BARCLAYS 6K THIS IS DIVIDED INTO 7 CREDITORS AS IVE JUST LUMPED THEM TO...

MY WIFE WAS WITH NATWEST FOR 35 YEARS NEVER IN DEBT ON HER ACCOUNT AS SOON AS THEY FOUND OUT WE WAS TRYING FOR AN IVA THEY SHUT HER ACCOUNT DOWN THATS WHAT LOYALTY DOES FOR YOU. SHE WAS ONLY DRAGGED INTO THIS BECAUSE HER NAME WAS ON A LOAN RUNNING BY THE SIDE OF OUR MORTGAGE (YEP YOU GUESSED NORTHER...

MY WIFE AND I HAVE NOW BEEN STRUGGLING IN DEBT FOR 30 MONTHS NOW AND DECIDED TO GO FOR AN IVA.AFTER USING A DMP FOR 18 MONTHS,WE FOUND A COMPANY TO HELP US BUT IT JUST SEEMS TO ME THAT THE BIGGEST PROBLEM UOT THERE IS NORTHERN ROCK,TODAY IS OUR SECOND CREDITORS MEETING,AS THE FIRST IVA PROPOSALS WER...