I can't promise you that it will be a dead cert but I am sure that your Nominee (IP) would not have put the proposals forward if he did not think that there was a good chance that it would be approved.
Keeping my fingers crossed for you - good luck for Monday
Kind regards, Elizabeth Pywowarczuk, Insolvency Practitioner.
If you would like me to advise you about an IVA and if appropriate propose one for you, please visit my website at www.liberta.uk.com
Thank you.
After reading so much about Northern Rocks apparent attiude I am very worried. Mind you I still have to bare in mind the rest of my creditors.
Do creditors give a reason for refusal and if neccessary can a different proposal be put forward?
All creditors have to give a valid reason under the IVA Protocol for any rejections, This can also be challenged. Fingers xx
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Don't believe everything you are told about Northern Rock - they are often painted as the bad guys, but I find them very sensible and commercial - and as David says, they do have to provide good reasons for rejection.
I have just had a rejection by NR now reversed - so things are looking up!!!!!
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
