27th September IVA (Full and Final) was approved!

[Churchill1942]

Hi,

Under two weeks to go until my IVA creditors meeting...

My Creditors are:
Credit Cards:
Lloyds Bank - 5.4k
Yorkshire Bank - 6.5k
Halifax - 14k
Barclaycard - 6k
Egg - 4.5k
MBNA - 5.5k
HFC - 1k
America Express - 7k

Loan/Overdraft
Halifax - 10k

Total Debt: 59.9k

My main creditor is the Halifax with approx 24k of debt. Are they normally favourable towards IVA's? Without a Yes from them it could be curtains for my proposal.

It is a full and final offering approx .31p in the pound (including any fees that the ip wants)

To say I am nevous is an understatement!

[MelanieGiles]

So long as your IP is using a TIX compliant proposal, and is adhering to their required fee structure, there should be no problem with Halifax.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[iva_squirrel]

Hi churchill,

It looks ok, i think you wont have a problem with Halifax.
Good luck for your creditors meeting.

Regards,
Michelle P.

[iva experts]

Hi Churchill,

In my experience Halifax are receptive to IVA proposals, Best of luck with your creditors meeting and please keep us posted.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/

[Maz]

Hi Churchill

I wish you all the best for the meeting. 31p to the £ seems a good offer and more than my offer so I don't think you will have a problem. I really believe creditors are happy to get something back than nothing at all. I hope that helps.

regards
Maz

[Churchill1942]

Disaster narrowly averted (I think)....

The company whom my loan is/would have been with (to raise the full and final) called today and said they could no longer lend the money due to the market.

After a lot of stress it appears that I have a replacement but will have to wait until I receive the documentation. Hopefully, they won't pull the plug as well. I didn't expect things to be so rosy getting the IVA through but I didn't expect a market product crash either!!

[Soulgrowth]

Good luck with the F&F Churchill, I shall be interested to see how it goes for you.

Debbie

www.babynamings.co.uk

www.soulgrowth.co.uk

[iva.com]

Hi Churchill,

Good luck for 27th, I hope it all works out for you. Please let us know how it goes.

Kind regards,
Terry Balfour
IVA.com

IVA.com - The IVA Comparison Site
100s of reviews, All IPs and IVA firms rated.

Use our IVA firm comparison tool to find best IVA firm for you:
http://www.iva.com/iva_comparison_1.asp

[cb246]

Good luck Churchill. We have recently been approved for a F&F for 25p/£ and were really worried as the large majority of my husband's debt was to MBNA who we thought would not approve. Haven't had all the details yet so don't know if they did approve or just didn't bother to vote. Main thing is both our IVA's were approved overall.

Let us know how you get on.

[zoe]

Good luck for the 27th!!
Z
x

Zoe
x
Keep your chin up - everything happens for a reason!
View my blog http://zoes.blogs.iva.co.uk/

[Churchill1942]

One Week to go!!! Today I am quite excited that in one week all my debt worries could be over (think positive). Fingers crossed.

I am sure as we get closer the sleepless nights will follow....

Thanks for the messages of support it really helps.

I will let you know if it was approved and how the croditors voted.

[bagpuss]

best of luck for 27th...i will have all my fingers and toes crossed for you xx

[Lisa2009]

Wishing you the very best of luck for 27th and hope everything goes well.

[Shining]

Good luck from me too

[dorset70]

Good Luck Churchill,

If any advice I can offer, try and keep busy on the day so you are not constantly clock watching.