www.iva.co.uk

Creditors Meeting is 11am Monday
They will get 63p in the pound if approved which I understand is quite high? Is that correct?
IP tells me that the only creditor that can be a pain is Northern Rock who always ask to extend to 6 years.

So - everything crossed!!

63p is a very good dividend ( mine was low 30's) and, yes, NR routinely ask for the baseline to be set at 6 years (with the possibility of extending to 7 in lieu of erquity).

Best of luck for Monday.

Sounds like a very good offer. Good luck for Monday!

Agree with Foggy and Keith. It is a very good return with the dividend you can offer which always gives you a much better chance.

Northern Rock are known to have certain criteria but nonetheless, knowing you can be debt free in a reasonable amount of time hopefully should out weigh this!

Good luck for Monday!!

Good luck for Monday -that's a good dividend.

You should be fine mine got approved the other day 36.87p in the pound in total so yours should be fine

Here's hoping all ok on Monday and your journey to debt freedom will commence - never give up hope !

Not long now!!

kallis3 wrote:

Not long now!!

and now its down to a few hours - time to try and concentrate at work!!

Fingers crossed.

Hope they let you know quickly.

Me too - they promised they would

Its been accepted. Slightly higher payments than I submitted as Northern Rock had an issue with the I and E. Also ended up with the expected 6 year IVA (7 without equity release) again thanks to NR.

Phew - what a relief

Well done!

Welcome to the journey to debt freedom ! Remember .. any questions, feel free to ask,