www.iva.co.uk

Hi All,
I/E complete
Total unsecured debt 49k
Mortgage+secured loan 112k
Leaves 330 p/mth for creditors+IP
Equity release year 4 (mort/loan 71k approx?)
LTV @85% =(59k?)
Mortgage increase payment no more than 50% of IVA payment =115 which I think (though probably wrong)would release 7k
7k + 330x48 =22.8k
Take out IP fees approx 8k leaves 14.8k for creditors
Would this be acceptable? BR no option both would lose jobs

Thats approx 30p in the £
My IVA was accepted in December 2007 with 30p in the £
who are your creditors ?

Hi Caraf,
Thanks for reply info as follows
Black Horse,Moorcroft Debt Recovery(Lombard),Halifax,Cap1,Amex, Abbey, CL Finance,Creation

The only ones I had out of them are Creation and the Halifax.
Creation didnt vote
Halifax voted yes with standard modifications

Thanks again,
Could you explain "standard mods"

Abbey are supportive towards IVA's. They voted yes at mine.

not sure of the exact wordings as I am at work but if you want to know can do when I get home.
TIX - vote on behalf on the Halifax