How long does a creditors meeting take?

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kallis3

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Post by kallis3 » Sun Dec 13, 2015 2:36 pm
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I'm not surprised! I would have been the same!!
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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kallis3

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Post by kallis3 » Sun Dec 13, 2015 2:37 pm
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If you've caught a few then you could be 'The One' (Matrix if you are a fan!)
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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Mattd0129

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Post by Mattd0129 » Sun Dec 13, 2015 2:48 pm
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Whilst I was going through problems I missed more than a few mortgage payments.
I've managed to get on top of this but I incurred some litigation costs that have been added to my mortgage.
Can I include these in the iva if it's successful?
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kallis3

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Post by kallis3 » Sun Dec 13, 2015 2:53 pm
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You can't include secured loans which I assume this litigation has now become.
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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Mattd0129

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Post by Mattd0129 » Sun Dec 13, 2015 3:00 pm
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Thank you!
I made the mortgage a priority at the expense of the creditors but it was necessary.
I have one creditor who's vote is required to proceed so I'm hoping they will see sense.
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kallis3

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Post by kallis3 » Sun Dec 13, 2015 3:06 pm
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Everything crossed for you!! Speak to the IP about the litigation.
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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Mattd0129

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Post by Mattd0129 » Sun Dec 13, 2015 3:11 pm
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Yes will do.
It's funny that this creditor was desperate to resolve the situation but is now dragging even though I'm demonstrating a solution!
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Michael Peoples

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Post by Michael Peoples » Mon Dec 14, 2015 9:35 am
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I hope it works for you this time but if not have you any reason to fear bankruptcy as this would also give you protection?
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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Mattd0129

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Post by Mattd0129 » Mon Dec 14, 2015 9:41 am
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I'm happy to take bankruptcy If they don't like my offer!
This would leave me with more money and them with less so it's an option that I'm happy to take if needs be!
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Michael Peoples

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Post by Michael Peoples » Mon Dec 14, 2015 10:36 am
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That is good. At least the creditors know you have nothing to fear from bankruptcy so turning down your offer would be folly.
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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Mattd0129

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Post by Mattd0129 » Mon Dec 14, 2015 10:38 am
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Yes great advice and reassuring words for my ears.
This is a helpful forum
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Lisa Thomas

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Post by Lisa Thomas » Mon Dec 14, 2015 11:20 am
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font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by kallis3

I always thought the IP could apply for an interim order?
Yes its the IP in conjunction with the debtor. Someone has to pay the Court and legal fees for it though Kallis...
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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Lisa Thomas

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Post by Lisa Thomas » Mon Dec 14, 2015 11:21 am
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font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Mattd0129

I'm happy to take bankruptcy If they don't like my offer!
This would leave me with more money and them with less so it's an option that I'm happy to take if needs be!
Please note you might have to make payments into your bankruptcy for 3 years.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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Mattd0129

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Post by Mattd0129 » Tue Dec 15, 2015 1:10 pm
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I'm happy to cooperate at any level.
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kallis3

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Post by kallis3 » Tue Dec 15, 2015 2:43 pm
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Thank you Lisa - didn't realise that.

Depending on your income then the payments may be as high as those in an IVA.

The allowances can be less as well.
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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