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Posted: Wed Feb 01, 2012 4:08 pm
by 82k
Hi guys long time lurker.
I am hoping for some advice. We have rolled into a 6th year due to not being able to remortage & IVA company dragging feet in sorting a variation so we are now looking at a variation meeting soon (month 66!).
Any idea's on how Max recovery/Evershed & HSBC vote now a days. We are looking to reduce return by 3p in the £.
Posted: Wed Feb 01, 2012 4:23 pm
by kallis3
Hi and welcome to the forum.
I think you may well be ok - there is not usually a problem with Max/Eversheds and I would think that your HSBC debt has been sold on by now.
However, your IP is best placed to advise - which company are you with?
Posted: Wed Feb 01, 2012 4:26 pm
by 82k
Kallis, thanks according to our records HSBC have not sold on. I know everyone else who has.
Posted: Wed Feb 01, 2012 4:29 pm
by kallis3
Surprises me - my HSBC debts have all been sold on.
I'm sure your variation will be ok.
Posted: Wed Feb 01, 2012 4:56 pm
by kazzafunk
Funnily enough our HSBC debts haven't been sold on (yet!!)
Posted: Wed Feb 01, 2012 5:12 pm
by kallis3
Mine are now owned by Robinson Way.
Posted: Thu Feb 02, 2012 5:08 pm
by kyla123x
max recovery declined my iva but it still was accepted [:)] HSBC still have my debt and accepted suprise to me lol x
Posted: Thu Feb 02, 2012 5:18 pm
by brokebryn
HSBC accepted my IVA in 2007 but unfortunately have not sold the debt on - so it could be sticky when it comes to trying to get a variation, I guess, cos they won't be pleased that the equity in my property can't be released due to the fact that no one will give me a remortgage.....
Posted: Thu Feb 02, 2012 6:15 pm
by Ivoryfalcon
Max recovery were always supportive during my IVA. You have completed a long time in yours and I think they will take the pragmatic view, don't be overly concerned.
Hope you get things sorted soon.
Regards
Posted: Thu Feb 02, 2012 7:05 pm
by kallis3
I think you will be fine Bryn.
Posted: Thu Feb 02, 2012 9:33 pm
by vince666
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by brokebryn
HSBC accepted my IVA in 2007 but unfortunately have not sold the debt on - so it could be sticky when it comes to trying to get a variation, I guess, cos they won't be pleased that the equity in my property can't be released due to the fact that no one will give me a remortgage.....
HSBC voted in favour of my variation to extend by a year as I couldn't release equity
Posted: Thu Feb 02, 2012 9:36 pm
by brokebryn
Thanks vince666, that's heartening to hear!
Posted: Thu Feb 02, 2012 10:04 pm
by brokebryn
Thanks for responses Kallis3 [as ever!] and Ivoryfalcon, I'll let you all know how it pans out once the ball starts rolling