how understanding?

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nickd

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Post by nickd » Tue Mar 25, 2008 12:19 am
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how understanding are lloyds tsb and lombard bank towards ivas?
nick darbey
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AlanO

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Post by AlanO » Tue Mar 25, 2008 12:49 am
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Hi Nick,

Usually OK - will depend share of the overall debt but provided not mainly in their hands OK.

Melanie is the expert in this area and no doubt will be posting later.

All the best alan

www.debtdr.co.uk
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MelanieGiles

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Post by MelanieGiles » Tue Mar 25, 2008 1:25 am
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Lloyds will usually accept IVAs where they have less than 75% of the aggregate votes, and Lombard are generally on board too - you do of course have to be putting forward the best viable proposal you can manage to offer.
Regards, Melanie Giles, Insolvency Practitioner
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