YESTERDAY WAS MY iva CREDITORS MEETING AND I HAVE BEEN TOLD IT WAS REJECTED BUT IVA COMPANY STILL TRYING TO SPEAK TO CREDITORS IF THEY CAN CHANGE THEIR MIND . AND THEY TILD ME IT CAN TAKE UP TO 14 DAYS TO FIND THAT MY iva PROPOSAL IS ACCEPTED OR REJECTED . IS THIS NORMAL ?
I presume that as they IP is still looking into this that it was adjourned rather than rejected outright and that they may be able to get it accepted. Have they said why your creditors have said no?
It does sometimes happen.
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
There are very few rejections these days ( at least that we hear of). Those few that have been rejected, for whatever reason, have, by and large been turned around by the IP's negotiating with the creditors.
Have you been told why they have rejected ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Hi...good luck and try not to worry too much (nigh on impossible I know). It seems to be fairly common for IPs to negotiate successfully with creditors. x
Thanks for the comments . I think the iva rejection was due to debts are piled up in very short period of time ( most of them payday loans , as you know payday loans are very high interest and i caught up in wishes circle of payday loans) Hope iva is accepted at the end , otherwise i will be in mess again .
You could always go onto a DMP temporarily and then try again - there's a solution out there somewhere!
Hopefully your IP can sort this for you.
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
I know it's easier said than done but try not to worry too much. My Husband's was rejected at first but Creditors put forward new proposals in which he had to agree with and it was accepted the very next day. Good luck xx
