help on any legal advice

[roz]

thanks Melanie we have to deal with someone called Zena Wilcocks who is Mr Saunders Manager but will take your advice and suggest a meeting.

[kallis3]

Try emailing your IP direct via this link roz:

http://www.insolvency-service.co.uk/newipsearch.htm

[northumbrian69]

'roz' this is absolutely appalling treatment by First Direct and your IP, they should hang their heads in shame, it's a horrific state of affairs to get to the end of your IVA and then be 'bullied' into raising impossible mortgage deals or go bankrupt, this is the sort of treatment you expect off 'loan sharks' not reputable IP's and creditors.
No wonder debtors are being put off IVA's in favour of bankruptcy, the repayment terms are shorter and more favourable and as long as you can stand the shame of your name being printed in the local paper and you have zero equity in your house it's a much shorter solution than an IVA.
Most of us opt for IVA's to do the honourable thing and pay back as much as we can, in this instance your creditors don't deserve any consideration at all.
I hope it all goes well for you, good luck with your appeal.

Basically our IP stated we find a 70% ltv or we are bankrupt unless we come up with a solution. We had a joint iva but my husband has had a variation accepted to split away from me and extend for one year with an extra years payments and then to finish.
First Direct turned this down for me saying that they did not see the previous variation where we asked to change to a 70% ltv instead of the 80% ltv that we originally should have gone for and that if they had seen the previous variation they would have rejected it anyway. Unfortunately the 70% product was removed from the market whilst we were waiting for the creditor's meeting.
The 80% ltv was due to raise approx £21000 off each of us but as my husband has split, we were wondering to put forward yet another offer to extend my iva for either 18 months or 24 months carrying on paying my monthly payments but also doing a remortgage when available to raise for the remaining balance of the £21000. Would you think this as an acceptable offer to make bearing in mind that 80% ltv right this minute would only raise £17000. Melanie are we within our rights to askour IP to approach First Direct in the first instance prior to calling a creditor's meeting to see if this is acceptable as our IP says every time she calls a meeting our money to the creditors goes down as her costs go up!

[kallis3]

I hope you manage to get this sorted out Roz. Keep us informed.