Any creditor in the original proposal who has not submitted a proof of debt or supporting documentation has been included in the outstanding claims column in appendix 11.
If I do not receive a statement of claim together with supporting documentation (ie statements etc) by 28th February 2009 then such creditors may be excluded from the arrangement (Rule 11.3 (2)
What happens in this instance do they not get any money, but then can they still chase us for money
You'll probably be surprised how many creditors don't actually complete a claim form.
You remain protected from them due to your IVA, and they cannot come back to you during or after the IVA.
thanks for your replies, that is reassuring to know that they can not persue you. Makes me laugh though all the hassle you get off the creditors demanding money off of you making your life a misery, and then in the end they do not even put in a claim for their money.
In my experience it is actually quite rare for creditors not to claim, but we do end up doing a lot of chasing to ensure that they get paid their dues.
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
