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Posted: Thu Oct 30, 2008 5:55 pm
by jandd
37% of my debt with them. Meeting on Mon 3rd.
What do you think are the chances of approval?
Posted: Thu Oct 30, 2008 6:22 pm
by liberta
Hi and welcome to the Forum.
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
Posted: Thu Oct 30, 2008 6:42 pm
by jandd
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?
Posted: Thu Oct 30, 2008 6:43 pm
by David Mond
All creditors have to give a valid reason under the IVA Protocol for any rejections, This can also be challenged. Fingers xx
Posted: Fri Oct 31, 2008 6:30 pm
by MelanieGiles
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.
Posted: Fri Oct 31, 2008 6:32 pm
by aguise
Hi Jandd
Welcome to the forum.
All the best for the 3rd.
Ang
Posted: Fri Oct 31, 2008 6:36 pm
by orchid5
Hi jandd, i second that welcome too and yes good luck and fingers crossed for you on the 3rd.
15 down, 45 to go
Posted: Fri Oct 31, 2008 6:52 pm
by Julie
Good luck for the 3rd xx
Posted: Sat Nov 01, 2008 1:20 am
by David Mond
I have just had a rejection by NR now reversed - so things are looking up!!!!!