Help and advise Needed

79 posts Page 6 of 6


User avatar
Posts: 137
Joined: Sat Nov 17, 2007 10:37 pm

Post by Skipper » Mon Nov 26, 2007 11:05 am
HSBC will be one of the voters(if they vote) as they are tied up with M & S money.They are suppose to insist on a 40p per £ hurdle or something that they wouldn't relax?? Can't recall where I saw that on this forum. But someone with an HSBC debt recently got a YES vote even though there was ,less than 40p in the pot. Best to check with your IP to see what HSBC's acceptance criterias are. Apart from them I can't see any other problems with your creditors

<<My motto:I am proud of black culture and is against racist bigotry>
Last edited by Skipper on Mon Nov 26, 2007 11:06 am, edited 1 time in total.
"Always think outside the box"


User avatar
Posts: 298
Joined: Fri May 18, 2007 5:21 pm
Location: United Kingdom

Post by BECKY » Mon Nov 26, 2007 5:55 pm
I had M&S money they voted yes and I was offering 26p in£


User avatar
Posts: 645
Joined: Sat Nov 24, 2007 10:25 pm
Location: United Kingdom

Post by caraf » Mon Nov 26, 2007 8:44 pm
Hi I have just been on the telephone for one and a half hours to Clearstart. The proposal is going to be drawn up tomorrow. This is what I am going to offer on debts of £85k :
£500.00 per month for 60 months
also I have got some life policies which I am willing to surrender. The surrender value would be around £3000.00 - £4000.00 approx.
My creditors are:
M&S Money
Egg Loan
Egg Card
Next Directory
Next Gold
Paragon Finance
Bank of Scotland

Does anyone know if this is a good proposal and should it go through
53 down 7 to go !!
Cant wait till December 2012


User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am

Post by MelanieGiles » Mon Nov 26, 2007 9:13 pm
It depends on whether this is your best offer, and accords with the creditors' individual voting policies, but the creditors you have are generally supportive.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:

See customer feedback at:
Regards, Melanie Giles, Insolvency Practitioner
79 posts Page 6 of 6
Return to “hot hot hot topics in 2007 ! more than 60 replies”