Been reading lot of posts on here and finally registered,
My creditors meeting is on the 26th , around £15000 dept over 10 creditors with O2 Telefonica being the greatest £4980
Proposal was sent offering just over 13p/£ , seems very little and very nervous it won't get through
Does anyone have experience with having mobile providers or more so O2 in there IVA agreement , my PayPlan nominee seemed to think they would not be an issue. It I can't find anything online mentioning it.
Thanks everyone , you've already helped me find the courage to sort myself out just from reading stuff on here
Glad you found us and hope we can help see you through this
Your IP would not put your offer forward if they didn't think it would be accepted. I personally have no knowledge of how O2 vote. Yours isn't the lowest offer made.
Good luck for the 26th.
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
Payplan are widely used by forum members and like all providers you need to work with them, keep them informed of changes and comply to the iva conditions once approved.
An iva is not an easy solution, but done right, is life changing and provides you with a fresh start in life.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
My IP was Payplan and I had no problems at all with them. Mine was a long time ago though so don't know if things have altered much. I did like the fact that they added the online accounts so you could email your case worker and check to see how things were going. I assume they still have that.
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
From I can work out O2 need to say yes as they are around 32% of the total £15566 am I correct ? Because the rest of the creditors wouldn't make the 75% ?
If O2 didn't vote but the rest did would it still get accepted?
You need 75% by value of the creditors who vote on the day. If O2 do not vote then it will go through and they are covered anyway.
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
Positive thoughts for you tomorrow. I'm hopeful you will be celebrating
Your IP should work with you if necessary to consider best steps if initial proposal not accepted. There are options including a new/amended proposal; bankruptcy is last option.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
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
Welcome to your journey Remember that communication is key and that there is always someone here, or, indeed, on similar forums, that will listen and share their experiences.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Fantastic news - really pleased for you. We're always here if you need anymore advice during your journey.
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
Remember that communication is key and that there is always someone here, or, indeed, on similar forums, that will listen and share their experiences.