Creditors Meeting today Great news

[desperateneed]

Hi
My creditors are meeting/have met at 2pm today and I am awaiting their decision as to whether they accept my full and final offer of £3k. Does anyone know how long these meetings take and how I will find out the outcome? I am soooooo anxious ...

[Oliver]

£3k for a full and final sounds on the low side. Please can you give us some more details on your IVA proposal? Many thanks.

[Oliver]

Just thought that you are probably refering to a full and final payment of an IVA you are currently in and not a brand new IVA.

All the best with the variation, I hope you achieve a positive result.

[desperateneed]

The original debt was £22k and I am in year 4 of the arrangement, this means I have already paid in over £10k. The original amount expected by my debtors was £13,800 - the £3k would bring it to this amount. However, the complication was/is that I was supposed to remortgage my property in year 4 (August 07) and because it is 505 co-owned with a housing association, this was not possible. Since that time it is only with the help and support of this website that I have offered the £3k as a f&f.

[aguise]

All the very best, I hope you hear soon.
Ang

[buttercup]

Best of luck

[Oliver]

Thanks Desperateend.

Again, all the best for today!

[desperateneed]

Thank you all so much, you can't believe how much your support means to me.

Have just emailed my IP for an update and will let you know the outcome...

[desperateneed]

Sorry to go on (and on, and on ...) but does anyone know how long a creditors meeting takes? My IP was very specific that if would be a 2pm today.

[iva experts]

Hi desperateend,

Best of luck with the meeting, I would call your I.P and ask if there is any further progress on your proposal. Sometimes it can take a couple of hours and other times its completed the time the I.P says.

[Phil]

I would ring them now.

P

[isis96]

I had mine today also, with payplan, they said it took place at 1pm and i heardat about 2.15pm, They intially rejected my offer and i offered abit more but I have now said i am not going to offer more as realistically i cannot afford it, I would of gone bankrupt they have now said they will reconsider my original offer and come back to me today after telling me with my new offer it would take a week ??

Very strange anyway good luck and my fingers are crossed for you, the waiting is a nightmare !

[desperateneed]

Update: just to let you know - my proposal has been accepted!

Without the advice and support of this website, and in-particular Melanie, I could have lost my house ... I am a bit overwhelmed at the moment (crying) but cannot thank you ALL enough.

For those of you still finding problems, I am living prof that this website ROCKS!!!!

Love you all!!!!!!!!!!!!

[Phil]

cONGRATULATIONS

P

[aguise]

I am so happy for you. Really am pleased, you have a good cry and let all that stress out.
Then you can relax.

Ang x