My creditors meeting is due tomorrow to ask for an extension

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Lola.15

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Post by Lola.15 » Thu May 24, 2012 12:26 am
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My creditors meeting is due tomorrow to ask for an extension on the current terms as I'm unable to remorgage. I have paid into my Iva since 2006. My IVA company have not been helpful so just don't know what to do if they don't accept. I'm new at posting here so would appreciate any advice. Thanks x
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MelanieGiles

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Post by MelanieGiles » Thu May 24, 2012 12:59 am
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Don't even think about "what ifs" until you know the outcome tomorrow. I am sure that creditors will support the extension, but do let us know how you get on.

Which IP firm are you with, and why do you feel they have been unhelpful?
Regards, Melanie Giles, Insolvency Practitioner
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luluj

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Post by luluj » Thu May 24, 2012 5:41 am
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Good luck today lola - I am sure it will work out ok for you.
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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Claire.37

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Post by Claire.37 » Thu May 24, 2012 5:56 am
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Good luck Lola. I'm sure the creditors will take up the extension, they wont want the iva to fail now you've come so far.
Full & Final Accepted 22nd May 2012 :)
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Kelly O

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Post by Kelly O » Thu May 24, 2012 6:38 am
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Good luck for today Lola :-)

We will be keeping our fingers x for you
Regards Kelly Osadare Debt Advice Manager at www.pjgrecovery.com (host to www.melaniegiles.com.)

PJG Recovery have a free online advice channel at www.debtadvicetv.com. If you are ready to ask us for specific advice or help, then get in touch at www.pjgrecovery.com/contact-us.asp . I look forward to speaking to you.
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Niobe

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Post by Niobe » Thu May 24, 2012 6:46 am
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Good luck Lola.
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Struzzo39

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Post by Struzzo39 » Thu May 24, 2012 6:57 am
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Good luck x
Steven & Debbie
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nepensioner

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Post by nepensioner » Thu May 24, 2012 8:11 am
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Thinking of you today xx
F & F Accepted 19th Oct 2010
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Lola.15

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Post by Lola.15 » Tue May 29, 2012 11:33 pm
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Sorry I have taken so long to reply Iv had no internet access, however thankfully they agreed to the 12 month extension. Thankyou for all your posts of support wish I had this much advice at hand at the begining of my IVA as its really helpful. Thanks again. [:)]
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Foggy

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Post by Foggy » Wed May 30, 2012 4:34 pm
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Good news -- well done :-)
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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KAYKAY

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Post by KAYKAY » Wed May 30, 2012 6:12 pm
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Great news.... it won't be long now.
IVA Completed August 2011
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Bradley05

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Post by Bradley05 » Wed May 30, 2012 6:24 pm
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hi,i have a fixed mortgage deal with 5 years left to run,but before i go into an iva (30k of debt)i just a bit scared of not being able to get a remortgage in 5 years time and is it possible to stay with my current lender (nat west)and just drop onto the standard variable rate and no questions asked if you no what i mean..(LTV 80per cent)at the moment any help please
s price
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Niobe

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Post by Niobe » Wed May 30, 2012 6:27 pm
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Hello,

You may not be able to get a remortgage in five years time and you will be able to stay with your current lender with no problems as long as you keep up with your repayments.

Have a word with a professional. Visit www.iva.com for a list of companies and give one or two a ring for some free advice.
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dpdotcom

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Post by dpdotcom » Sun Jun 03, 2012 8:02 am
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Lola - if you have been paying in since 2006 your extension will take you to 7yrs in IVA? Did you have a payment break?

I only ask because we are in an IVA and we are working (& hoping) it only lasts the 60 months, which was stated in our original proposal.
dprice
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Niobe

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Post by Niobe » Sun Jun 03, 2012 8:22 am
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Ours was only for 60 months but we know that we will have an extension of 12 months because of the equity clause.

Do you have an equity clause dpdotcom?
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