Hi everyone,
Have made use of the forum to answer a lot my questions but the more I read other peoples situations at various points of the iva life cycle the more questions arise.
I had my iva approved 7 weeks ago and have made 2 payments already. It has been such a relief to see some light that now my paranoid self is already summing up all the possible ways it could fail. My main concern at the moment is that 3 out of my 10 creditors included in my iva are still adding interest and making contact via post and telephone(2 of these voted in favour). I have forwarded the documents to my iva company who have said they will deal with it. I am of the opinion that I should be on top of the details as such from the start of the iva so I don't have any surprises say in year 4 of the iva. Has anyone had experience of creditors being slow to acknowledge iva approval. Also I have seen on the forum cases of minimum dividends not being met, are these explicitly stated or are they assumed to be that of the first estimate at the creditors meeting. Sorry its a long post.
Take care everyone.
A lot of posters have experienced creditors being slow at acknowleding IVAs so don't worry.
Once it has been approved then they can add as much interest as they like - they won't be able to claim it!
It's a case of computer systems not being updated. They will catch up eventually. The main thing is that they can't chase you any more.
Just let your IP know that you are still being chased. They should sort it out for you.
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
Thanks Jan,
Its what I thought and will speak to my IP, I should have asked many more questions after the approval. In my post approval telephone meeting I must have been asked over 5 times if I had any more questions. The relief of the yes vote had sent my rational senses on holiday for an hour or so.
Cheers
I had one call after my approval and was quite happy to tell them about it!
I'd just tell them to get lost now if it were me. They can't touch you regardless of what they say.
Anymore questions, ask away - I'm sure someone on here can help you.
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
