Thanks everyone for the responses. Spoke to my Insolvency Practitioner today and found out that Northern Rock (well spotted Andrew) had relented and agreed to the IVA. It seems my Insolvency Practitioner did not want to try and exclude Northern Rock because 2 of my other creditors were represented b...

Viki,

The loan is an unsecured personal loan linked to my mortgage.

Lily, That is what I find difficult to understand. Even while I am in the IVA my wife will be paying 100% of the monthly payment but the lender will not have this and want to stand outside. The Insolvency Practitioner has told me that it's highly unlikely that the other creditors will allow them to ...

I'm a little confused about the logic behind the negotiations going on between my mortgage lender and my Insolvency Practitioner. I have a joint loan taken out with my partner of about £28,000 that we got with our mortgage. My other debts are all credit cards in my sole name, the biggest balance bei...