F&F Proposal - No Progress???

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Beau77

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Post by Beau77 » Mon Nov 16, 2009 12:07 pm
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Hi All, it has been 3 weeks since I spoke to my IVA practitioner re my F&F offer/proposal I was told that the draft report would be with me within 2 weeks for review & signature but as yet have not received anything. I chased this morning & no progress has been made, should I be concerned or am I being impatient?!!

On maternity leave now so money is reduced & am obviously concerned about monthly contributions continuining the longer this process is dragged out.

Any advice gratefully received as always.

Thanks [:)]
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Michael Peoples

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Post by Michael Peoples » Mon Nov 16, 2009 12:27 pm
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If your IP has not prepared the variation you should advise that your income has reduced and seek permission to lower or suspend the payments until the variation has been called. There would be plenty of time before you would go into default.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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Beau77

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Post by Beau77 » Mon Nov 16, 2009 6:26 pm
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Thanks Michael. I received a call later today saying that the proposal is with the technical team for final review, practitioner assured me that they would chase this up on a daily basis & call me with an update in a week.

I explained re monthly contributions & was advised that everything would be sorted before next contribution is due, I just hope that it is sorted before baby is due which comes before contribution!!
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kallis3

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Post by kallis3 » Mon Nov 16, 2009 6:32 pm
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Good luck with both Beau!
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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MRBLUESKY

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Post by MRBLUESKY » Mon Nov 16, 2009 7:54 pm
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good luck beau,glad things seem to be moving for you now,your creditors will be given aprox 30 days notice about your proposals for a variation meeting so you should be done and dusted well before xmas.fingers crossed.x
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Skippy

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Post by Skippy » Mon Nov 16, 2009 8:17 pm
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Good luck with your F & F Beau, and I hope all goes well with your little one x
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