My F/F IVA...whats what..?

[bagpuss]

Never really looked at the creditors meeting sheet cos i didnt really understand it..but looking at it noe i just wondered who said yes and who said no...can anyone clarify from the following..

La redout-492.86 - F/F 107.86 proof of debt-with support docs

LLoyds-10,485.08 - F/F 2,131.55 proof of debt-support docs not reqd

LLoyds-6,152.05 - F/F 1,260.27 proof of debt-support docs not reqd

Morgan Stanley-3,109.21 - F/F 637.69 proof of debt-with support docs

Egg-1,350.40 - F/F 291.88 proof of debt-with support docs

Cahoot-1,696.44 - F/F 370.10 proof of debt-support docs not reqd

Cahoot-10,380.91 - F/F 2,229.95 proof of debt-support docs not reqd

Nothern Rock/Eversheds-21,753.76 F/F 4,818.46 proof of debt-support docs not reqd

Black Horse-5,973.41 F/F 1,173.29 proof of debt-with support docs

Next-1,936.31 F/F 416.00 proof of debt-with support docs

Freemans-316.21 F/F 00.00 claim outstanding-excluded for dividend purposes

LLoyds-4,445.21 F/F 1,113.36 proof of debt-with support docs

Monument-3,379.80 F/F 699.65 proof of debt-with support docs

Total 71,471.67...@ 22.15...F/F 15,250.07

Now if anyone can make head or tail of that i would be intersted to know who said yes, who said no and how close was i to the 75% needed.

Thanks x



Angie xx


My IVA Story......http://bagpuss.blogs.iva.co.uk/2007/09/ ... iva-story/

[aguise]

Hi there I dont think it gives you who said yes or no it just seems to give the amounts you owed and the amount they get with the full and final.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[Cybus]

Hi there I dont think it gives you who said yes or no it just seems to give the amounts you owed and the amount they get with the full and final.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

That's what I thought when I first read it, but on closer inspection I am not so sure.
If that were to be the case then THIS figure divided by THAT figure should produce the same figure in each case. There is some variance between them. I just tested a random selection and some are getting 20p in the £ and some as much as 25p in the £, which is quite a big discrepancy. I would be inclined to ask what this information is that you have been given.

Tell it like it is.

[Adam Davies]

Hi
Cybus makes a good point
Look at
LLoyds-10,485.08 - F/F 2,131.55 proof of debt-support docs not reqd
Cahoot-10,380.91 - F/F 2,229.95 proof of debt-support docs not reqd

Cahoot have a lesser debt but a larger dividend
Interesting !!!
Regards




Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[bagpuss]

well there are quite a few different sets of figures...there is ....

per debitors statement of affairs...(they are the ones i listed above)

Then there is per notice of claim recieved

then there is difference between soa v claim (difference between the 2 above)

then there is unsecured claim (same as per notice of claim received)

Then there is F/F divedend 22.15p/£ (which i listed above)

see why i dont get it...LOL


Angie xx


My IVA Story......http://bagpuss.blogs.iva.co.uk/2007/09/ ... iva-story/

[bagpuss]

the per notice of claim received amounts are

la redoute 486.97
lloyds 9,623.23
lloyds 5,689.68
morgan stanley 2,878.98
egg 1,317.76
cahoot 1,670.87
cahoot 10,067.47
northern rock 21,753.76
black horse 5,297.03
next 1,87808
freemans 00.00
lloyds 5,026.45
monument 3,158.70

difference between soa v claim amount ...(thats first figures i gave and these) are 2,589.53

does this make any more sense..??

Angie xx


My IVA Story......http://bagpuss.blogs.iva.co.uk/2007/09/ ... iva-story/

[Cybus]

Sounds overly confusing, for sure [8)]

You should find that 22.15% of the claims received figure is the F/F figure ... I hope [:D]

The Statement of affairs figure would have been the balances shown as owing to your creditors in your proposals and as such would have been used in estimating the return to your creditors in the Statement of Affairs.

More often than not you will find that the actual amount owed to the creditors when they submit a clim in the arrangement is in fact higher than shown in the proposal.

Whilst you have no doubt provided up to date information to your Nominee when the proposals were being drafted, your creditors are entitled to continue adding interest and charges to your account until such a time your arrangement is approved. It will be this slightly higher figure (On the Notice of Claim) that will rank for dividend purposes.

Give it a whirl and see if 22.15% of the figure on the notice of claim comes to the F/F figure. Hopefully it does.

If it doesn't I am lost [:)]



Tell it like it is.

[Cybus]

Having seen your later post, all makes sense now.

Tell it like it is.

[bagpuss]

so is it the "with supporting docs" who voted yes...?

i'd be useless in a job that involved numbers eh...

Angie xx


My IVA Story......http://bagpuss.blogs.iva.co.uk/2007/09/ ... iva-story/

[Cybus]

I don't think you can tell from the information you have been given. I think the schedule you have given details of here, only shows the anticipated outcome of the Full and Final settlement.

Have you had confirmation that a full and final settlemnt offer has been presented to and accepted by creditors? Or is this information in the process of being presented to creditors as an estimated outcome and they have yet to vote to accept or reject the offer?

Tell it like it is.

[bagpuss]

this was all done and dusted nearly 2 years ago...have a cert of completion. It just got me thinking about who rejects and who agrees that made me look at this...

Angie xx


My IVA Story......http://bagpuss.blogs.iva.co.uk/2007/09/ ... iva-story/