I wouldn't be happy either - why on earth should children be expected to leave school just so they can earn money to essentially pay towards their parents IVA?
If they want to go on to further education then it should not be up for discussion.
NR have to be the most awkward creditors going!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Jan - they would not have come up with this modification just for the sake of it. There must be something in the proposal which suggests that the posters son may leave school at an early stage - or more likely that there was no mention of his future intentions at all - which good IPs would always do by way of clarification.
Sorry Melanie, having read your previous post I thought that it was just them being awkward.
It's been a long day!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Time I logged off for the night I think! Things will be clearer in the morning![:D]
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
It clearly states in the proposal that both my sons will be going into further education, the only thing I can think of is that because my eldest is 17 they think he will be leaving education next summer. I've spoken to my IP and they have told me they are working on getting this modification removed.
As to an earlier poster I don't have any other creditors, they are all included in the IVA proposal (as it should be I believe).
The thing I really don't understand is that even if my son does change his mind and not continue in further education they will get the increase in payments anyway, so why do I need to sign saying I will agree to pay the extra £100 per month regardless of whether he does or does not.
Melanie, my IP have been talking to NR all day, giving me regular updates as to what is happening.
I find it hard to stomach that a company that was bailed out by British tax payers such as me can be so b***** awkward when one of those tax payers is asking for help.
Me too - I've been right round the country over the last two days (literally) and my eyelids are drooping as well. Hubby nagging me to get to bed, but I cannot resist checking up on what has been happening on the forum!
Northern Rock can be difficult but overall fair under the relevant circumstances of a particular case.
I can assure everyone that their criteria which prior to November 2008 was flawed, has changed and in the main are supportive of the majority of cases put forward. It does depend on particular circumstances though.
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.
Well I can assure you that there is nothing I have held back from my IP or they from my creditors, the proposal is complete to say the least.
I would still like to now why they are doing this especially as I said they are set to gain anyway if my son decides to not continue his education, what they are asking is for me to predict the future and sign an agreement based on the assumption my son will go into employment ... I will not do it, simple as that.
Your IP should ask them for this information and give it to you - then you can inform all of us.
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.
Fingers crossed that they see sense and agree to the IVA without any modifications.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
This is the only thing holding it up, I have agreed to the IVA running over 72 months instead of 60 (which seems pretty standard when NR are involved) but now my IP have informed me that the decision will not be taken until next Thursday by NR .. seems they want time to "go through" this new information ... even though its not new and was in the orginal proposal .. sigh .. another week of fretting.
I hope they see sense next week, but what a frustrating and stressful time this is.
I have everything crossed for you.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
In fairness your IP seems to be fighting your corner very hard and keeping you up to date with what is happening. Hopefully there will be a positive outcome but if you feel that what is being demanded is unfair or not sustainable there is always the bankruptcy option. At least you could say that you tried your best but it was not good enough.
