Are there some banks more willing to accept an IVA ?

[key310865]

my biggest are Tesco, First Direct, M&S and Egg

[mole]

Its bizarre MBNA where my 2nd biggest creditor (over 19k) but they didnt vote, seems the norm for them

[key310865]

10 days to decision day

[kallis3]

You'll be fine! Good luck.

[key310865]

48 hours and should have a decision if IVA accepted, reading some details about IVA's and it says creditors will normally only accept if they get 20 to 25 % back, my offer only works out at 18% , getting worried now, any advice ??

[Shining]

try not to worry is my advice,the best offer will be on the table and it is out of your hands. Some posters gain acceptance into the IVA with a lesser amount some with higher it's individual to you and your disposable income will have been worked out and that is what will go to your creditors.x

[kallis3]

Don't worry, we have ivas accepted with less than you are,offering. I'm sure you'll be fine.

[key310865]

thanks for support, hopefully Ican post some positive news on Friday.. If some creditors refuse do they put in an offer ,e.g raise the monthly amount by so much and then they will accept ..

[Foggy]

Sometimes a creditor will reduce an allowance in order to get a little more, but your IP will try to resist that, if possible.

[kallis3]

Sometimes there are modifications requested but your ip will tell you about those on the day if there are any. They're usually to do with ip fees though and nothing for you to worry about.

[key310865]

so do they sort any modifications or request out on the day and give a decision one way or the other, sorry for all the questions, just wish Friday was over ,, feel lie a big weight will be lifted off my sholders , although I know there will be tough times ahead

[Shining]

you have a while to sort out your modifications, if straight forward you can accept them on the day, I did. They'll usually give you a decision on the day x

[kallis3]

If there is something that you need to think about then you can have the meeting adjourned for up to two weeks while you make a decision.

Don't worry about the questions, its what we're here for.

[key310865]

thanks , going to call Harrington brooks tomorrow, they told me creditors sometimes vote early..

[kallis3]

They do but you are unlikely to be told a result until after the time for the meeting as they do still have time to change their minds.