is 49p to £ a good offer ????

[puffa]

After so months now and numerous threats from creditors to send the heavy boyz one creditor even saying 'dont blame us when the kick the door down' we are finally getting somewhere, My IP has informed me that my proposal is draw and on its way in the post,, I am able to offer 49p in £ does this seem a good offer on disposable income of £315 per month ?

[MelanieGiles]

If it is the best offer you can make then I am sure it will be accepted.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[ray_a]

Good Luck Puffa!

[kieranandmegansmum]

whats your level of debt

S WARD

[Martin2011]

Good luck Puffa, I'm sure your IP wouldn't put it forward if they thought it wasn't a reasonable offer...

Let us know how it goes,

Martin

[debbiw]

Good Luck Puffa, You can now look forward to a debt free future. Like the others have said, if the proposal is your best offer, then it will be accepted

[puffa]

my total debt is £41k to 12 creditors .... Hope this helps u out S ward

[debbiw]

Hi Puffa, Who are your creditors? I offered 42p/£ with simular level of debt, and mine was accepted.

[puffa]

my creditors are MBNA, Barclaycard, Cap One, Littlewoods, Royal Bank Scotland (Tesco), Studio, Adams, Argos, Abbey Bank a/c, Abbey Loans, Abbey C/Card

Think MBNA And Abbey Credit card is owned by MBNA so may be my problem area ..

[debbiw]

Hi Puffa, I had alot of the same creditors, and mine was accepted on the 17th. MBNA normally (not always) sell their debts to a third party. They sold mine to eversheds who voted yes at my meeting. As long as its your best offer that you are putting forward, you should have no problem getting it approved. I had MBNA, Barclaycard, Cap One, Argos and they all voted yes.

[Oliver]

If this is your best offer then I am sure your creditors will make a commercial decision on your IVA. All the creditors you mention have traditionally been open to IVA proposals.

The very best of luck to you.


Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[frequentflyer]

Puffa...my iva was accepted with mods on Monday,MBNA was a major creditor for me and I owed them around £27,000 and was expecting them to vote against even though I was offering 40p. To my surprise they sold the debt to Max Recovery a few days prior to the creditors meeting and they voted in favour. All bar one of my 25 creditors voted to accept.