meeting of creditors on the 22d PAyments

[63k]

I have my meeting of creditors on the 22d, my IVA company have asked for the IVA payment upfront, before the meeting to show my willing to pay, however, now I am wondering, shall I not pay the min payments to the creditors which I am due to pay them as of the 15th but if the IVA goes in will be paying that instead? All confusing[:0]

[MelanieGiles]

If your IP has said to pay the first payment up front, then go along with that advice and do not pay any payments to creditors directly.

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

[63k]

Ok Thanks. [:D]

[Cybus]

I want to chip in and add ...

Check your engagement letter to find out what happens to that first payment in the event that the arrangement is not accepted by creditors. I would hope that whilst you are demonstrating your ability to pay, in the event the arrangement is not approved, that money would be better in your hands to go towards the minimum payments that you would want to make.

That said, the arrangement must have a reasonable prospect of approval since it is being put forward.

Tell it like it is.

[63k]

Thanks
Have sent an email off to the company asking for them to verify what will happen to it as well. They are quick at responding so should get something back tonight or tomorow.

[iva.com]

Hi 63k,

I just want to wish you the very best for 22nd. Please let us know how you get on.

Kind regards,
Terry Balfour
IVA.com

IVA.com - The IVA Comparison Site
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Use our IVA firm comparison tool to find best IVA firm for you:
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[emma_t]

Hi 63K
Just wanted to say Good Luck for the 22nd [;)]

[Skippy]

Good luck!

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[iva experts]

Hi 63K,

If you decide to stop paying your creditors this must apply to all of them, as in an IVA no creditor can be treated with prefference over another.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/