No, not yet. She had the Last Rites and is hanging on - she won't go without a struggle. As I told you once Paul my Faith is strong - with my PP it has to be! One does not argue with a former chaplain to the Paras!
I'm here - just had a busy day. If a creditor does not claim in the IVA, they are still bound by its terms and cannot then pursue you outside of the arrangement.
Neverending - it that you again Andy, posting under your old name?
kallis3 wrote:
No, they would not be able to chase you for money after the IVA has finished, and whilst in the IVA they can't do it anyway.
I think it is unusual for a creditor not to claim though.
Apparently 3 of my creditors did not claim. I only found this out last week and I was quite surprised as there were no small amounts owing to anyone which I thought could be a reason for not claiming [:0]
Interesting Thread, so I have 5 creditors, lets say 2 don't claim and my DI would more than cover what was oweing to the 3 remaining, would my payment be lowered to just cover the 3 creditors? I don't see this happening at all as they are all companies mentioned here as ones that are persistent! MBNA, Lloyds, Northern Rock and BarclayCard, oh and Capital One
Just curious really...
Approved 3rd June 2009 first payment made on the day.
Offer made and settled - happy days
76.5k debt creditors:- Northern Rock, MBNA, Barclaycard, LloydsTSB and Capital One
Bear in mind that your creditors don't have to put in a claim straight away, your payments will remain the one you agreed at the meeting.
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
Payments into the IVA pot will remain the same whatever happens as to whether a creditor fails to agree his claim with the Supervisor. The Protocol Standard Terms explains what happens. Any creditor not submitting and agreeing theiur claim will ultimately loose out.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Thanks David,
I know I have no worries. I am just merely pointing out that if the worst does happen then br is not the end of the world. One way or another next week my debt problem will be sorted. I will be giving the IVA 110% to ensure that I will be posting in 5 years time a successful conclusion. I know you will get it through.
IVA.co.uk The best place for debt advice. Thanks to Melanie Giles, David Mond, David and J (Elv5) Kallis, Dand, Skippy, Andy Davie
That's what I like - positive posting from both of you![:D]
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
