www.iva.co.uk

Hi all,

Great informative site.

Have been reading intently for the last couple of days and its been very very helpful in calculating what is the best course of action for me and my debt woes.

the short answer of course is speak to a few companies, take some advice and plan from there - but always remember that you can get through this whereas doing nothing, well lets not consider where that leads...

Anyway, the purpose of this post is regarding creditors who (seemingly) regularly reject IVAs? I have read an awful lot here about Northern Rock rejecting IVAs and I wondered if it would be beneficial to start collating a rogues gallery of problem creditors so as to enable a quick and dirty analysis of how amenable creditors will be to a reasonable IVA?

Apologies if this is already covered elsewhere...

My creditors are:

Bank Of Scotland
First Direct & HSBC
Intelligent Finance
Egg
Debenhams
Argos
Littlewoods
HMV
Marbles
Marks & Spencer Finance

Hi
I think it would be fair to say that it,s only Northern Rock that seem to reject for reasons that they only know about.All the others seem fair with some having higher hurdle rates than others.
Do any of your creditors hold a share greater than 25% of your total unsecured debt ?
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

Unfortunately its true to say that Northern Rock have been rejecting many case of late, sometimes with no apparent specifications. HSBC (if prodominant) will reject cases which do not offer 40p/£, MBNA are at the moment a complete lottery and have no specific dividend requirements but also have no structure as to what they require.

Best Regards. IVA Experts

Hi barbervi

Looks like you have a friendly bunch of creditors there. I deal with all of them almost every single day of every single week, and we rarely encounter problems, although you have to ensure that you put the best possible proposal forward to ensure success.

Good luck

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk