Has any one had a succesful IVA with these?

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vic74

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Post by vic74 » Tue Feb 26, 2008 5:53 pm
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Hi i was just wondering if anyone had got through with a successful IVA with these companies?
HSBC credit card and loan, Cahoot loan, abbey loan, barclay card mbna and egg
Many thanks Vic
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coupleplus1

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Post by coupleplus1 » Tue Feb 26, 2008 6:23 pm
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Hi Vic
We had a mbna card and an egg card and they both voted in favour of our IVA in November 07

Good luck
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vic74

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Post by vic74 » Tue Feb 26, 2008 6:29 pm
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Thanks coupleplus1!
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Shining

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Post by Shining » Tue Feb 26, 2008 6:35 pm
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Our main creditor was HSBC and they voted positively for us. Two HSBC credit cards, a joint overdraft and two loans.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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shazzles

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Post by shazzles » Tue Feb 26, 2008 8:40 pm
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Hi Vic!
HSBC were my main creditor and they approved my offer of 36p in the pound. Cahoot i also had credit card with and they approved straight away! Stay strong youll be fine! [:D]
8 down 65 to go!
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MelanieGiles

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Post by MelanieGiles » Tue Feb 26, 2008 9:16 pm
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HSBC are currently operating a 40p in the £ hurdle rate, but there may be some signs that this is starting to be relaxed based upon a case by case basis.
Regards, Melanie Giles, Insolvency Practitioner
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Oliver

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Post by Oliver » Wed Feb 27, 2008 3:29 pm
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We have found that all the creditors mentioned have been open to IVA proposals.

HSBC have made it fairly clear that they are looking for a return of 40p in the pound but as Melanie explains, and Shazzles case shows this may start to become relaxed.
Best Regards
Oliver
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