i don't understand when you say that they accepted or not % in the £, i know are's was accepted as 45p in the £, but have no idea what that means and have no idea how much we are going to pay off our debt by the end, can anyone enlighten me, as we have no paperwork that states this, i see that on some question people are saying they payed so much off of this total, how do they find that out.
Thanks for all the advice I dont think we have the remortgage issue as have negative equity so its not included in the proposal the only problem I can see is we have a hire purchase agreement for our car which is quite high payment per month which they have said they may ask us to change the car. This will mean that the remaining money owed on the car as we owe more on it that it is worth will have to be added to the debt = even less for the identified creditors so I cant see the logic in that but will have to wait and see - hope they dont do this as I need a car to work and dont know how I will get another car being on an IVA???????
To beachblanket - I doubt that you will avoid the equity release provisions, as they are industry standard and unless there are special circumstances (such as your ages) it is likely that creditors will ask for this to be included even if your IP determines to leave it out of the proposals.
I dont think we have the remortgage issue as have negative equity so its not included in the proposal the only problem I can see is we have a hire purchase agreement for our car which is quite high payment per month which they have said they may ask us to change the car. This will mean that the remaining money owed on the car as we owe more on it that it is worth will have to be added to the debt = even less for the identified creditors so I cant see the logic in that but will have to wait and see - hope they dont do this as I need a car to work and dont know how I will get another car being on an IVA???????
