aaaaghhhh northern rock!

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J-DOUBLEYA

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Post by J-DOUBLEYA » Thu Feb 07, 2008 8:46 pm
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My God !!!! are you saying northern rock accepted the IVA and actually voted in favour ?

Please pick me up off the floor !
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petes39

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Post by petes39 » Thu Feb 07, 2008 8:59 pm
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I do apoligise I was soooo shocked as well, however lots of modifications but none I didn`t expect ie: 50% O/T bonuses etc. So they have done well..
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J-DOUBLEYA

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Post by J-DOUBLEYA » Thu Feb 07, 2008 9:03 pm
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well done you !! I am gobsmacked !! I have not come across anyone (until now) who has had a p[:o)]ositive vote from NR !
Last edited by J-DOUBLEYA on Thu Feb 07, 2008 9:03 pm, edited 1 time in total.
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petes39

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Post by petes39 » Thu Feb 07, 2008 9:39 pm
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J- DOUBLEYA I was surprised as well as last time if lloyds had of voted it would have been fine. This time it was NR who saved me and as I said the return was alot less, which I was surprised at, I had changed companies and they did me proud. Ta
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anais743

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Post by anais743 » Fri Feb 08, 2008 9:19 am
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who did you use petes?
'There are no secrets to success. It is the result of preparation, hard work, and learning from failure
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ray_a

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Post by ray_a » Fri Feb 08, 2008 10:25 am
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Perhaps NR now understand the concept of financial difficulties!
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jmb

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Post by jmb » Fri Feb 08, 2008 10:33 am
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Hi..weve had the same problem!weve been in the process of an iva with grant thornton for 5 month!!and last week was told that after having several talks with northern rock who are 25% of our debt that they would definatly say no so theres no point in even putting a proposal forward.So now after waiting all this time and not paying any debts we are back to square one!
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petes39

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Post by petes39 » Fri Feb 08, 2008 11:48 am
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I used payplan
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MelanieGiles

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Post by MelanieGiles » Sat Feb 09, 2008 7:52 pm
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Well I'm now back from holiday and can categorically confirm that there is always a point in putting IVA proposals in front of Northern Rock - but do accept that they have firm criteria and will only accept if they see that it is their best option.

I frequently get IVA proposals accepted by this creditor, but we are quite selective in those we choose to put forward. However, to suggest that they never accept IVAs is ridiculous.
Regards, Melanie Giles, Insolvency Practitioner
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