All great advice above in respect of thinking about any modifications that affect your Income and Expenditure, Good luck for tomorrow and will look out for your positive post then x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
I had my creditors meeting on 8th February and initially it didnt go according to plan. When they ring you,if there are any changes dont panic,take time to look at it carefully,they will give you time to do this so dont worry.I was so wound up I couldnt even think straight. For us it didnt seem as if it was going to be accepted but
as of today 11th February after a few changes it has been.
Good luck tomorrow.
Karen
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
Well, after my slightly false start yesterday, the creditors meeting actually took place today and i'm over the moon, it went without a hitch, there were some modification, but as suggested these were mainly around the wording of some of the terms relating to the fees and when they could or could not be drawn.
One creditor (egg) requested an additional 6 months, this was because we will be spending more ons school meals in September (Twins starting school) than the guidelines allow for, but i'm happy to pay the extra six months knowing that my budget is realistic and affordable.
One creditor (Halifax) did want to add a clause to make sure my wife (currently a stay at home mum - does more work than any human should do) actively seeks employment and increase payments int he future, but we already had enough of a percentage so they were able to reject their votes.
I would have had to think really hard if that clause had been a necessity as i cant see how it could be implemented given that its either so rigid (you will find work and pay XXX in from this date) or so woolly (you should try and find some work and pay some more money) as to be either unworkable or not worth the paper its written on.
Luckily for me it wasn't a requirement and i can concentrate on the next 5 and a half years. Were in a good place now and can start afresh.
Oh and thank you all for your support and information, Its made a real difference so far.
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
