are Barclays likely to reject our IVA ?

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k30

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Post by k30 » Sat Oct 25, 2008 3:22 pm
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We owe approximately £65,000 unsecured debt, about £41,000 is with Barcalays and Barclaycard including £4500 with Goldfish who have been taken over by Barclays. If our I&E is OK are Barclays likely to reject our IVA given that they are our biggest creditor. We are both employed homeowners with neg equity due to mortgage and secured loan. Thanks Kate
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MelanieGiles

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Post by MelanieGiles » Sat Oct 25, 2008 4:01 pm
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Hi there and welcome to the forum

Barclays are generally pretty supportive of IVAs, so long as the best offer is being presented. What advice has your own IP given you in this regard Kate?
Regards, Melanie Giles, Insolvency Practitioner
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debtmountain

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Post by debtmountain » Sat Oct 25, 2008 4:50 pm
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Hi Kate,[:)]

Just wanted to welcome you to the Forum,you'll get a lot of help and support here so please keep posting and Good Luck with your IVA Proposal.

xx
IVA accepted 13/11/2008..17 payments down,55 to go..
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Abby

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Post by Abby » Sat Oct 25, 2008 6:15 pm
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welcome from me too, good luck with your proposal and try and stay positive,all you can do is put your best offer to them.abby
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kallis3

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Post by kallis3 » Sat Oct 25, 2008 6:37 pm
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Welcome from me too. Hope everything goes ok with your proposal. Keep posting.
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
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David Mond

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Post by David Mond » Sun Oct 26, 2008 2:41 am
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Barclays are represented by KPMG - usually no problems provided your best offer (supportable) is put forward.

As Melanie asks - what does your Nominee (IP)say?
Last edited by David Mond on Sun Oct 26, 2008 2:41 am, edited 1 time in total.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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