We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
IVA's and Northern Rock
jambonjames
Posts: 1 Newbie
I am in severe amounts of debt (about £40,000 of unsecured) and I seriously believe that an IVA is my only way forward.
I see from the IVA PDF that 75% of creditors need to agree to this but the majority of my debt (more than 75%) is held by Northern Rock.
Does anyone know if their uncertain financial status likely to affect decisions on whether or not an IVA would be agreed?
Yours hopefully
...a concerned James
I see from the IVA PDF that 75% of creditors need to agree to this but the majority of my debt (more than 75%) is held by Northern Rock.
Does anyone know if their uncertain financial status likely to affect decisions on whether or not an IVA would be agreed?
Yours hopefully
...a concerned James
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.3K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards