Not looking good :(

[buttercup]

Debbie

I am so sorry to hear this. Your meeting is not until Monday so fingers crossed a solution can be met by your creditors.

You have been such a support I will be thinking of you on Monday.

[Soulgrowth]

The Landlord's claim relates to 3 quarters rent up to date ... approximately £15,000, plus interest, plus £18,000 for dilapidations!!! McCambridge Duffy's solicitor is on to this last point. The rent is only money that he is essentially entitled to Ian.

There's always a positive though ... through to stress of yesterday, despite eating lots of cakes for comfort ... I managed to lose 4lbs!

Let's see what today brings.

Debbie

[Soulgrowth]

P.S

I think the HRMC claim is just something they made up ... McCambrudge Duffy are asking for proof .. they don't seem to have come up with anything as yet.

Debbie

[ianmillington]

Clearly MD have done the right thing in bringing in Solicitors - there are few areas more fraught with potential for dispute than dilapidations. If this were a first meeting, to determining how much the dilaps claim was worth for voting, the answer would probably be £1 unless the quantum was clear and agreed. However, the fact that it's a variation, to consider a revised offer that the creditors will expect you to complete on, render it desirable to sort this one pronto.

Tax? Interesting, that's all I can say.

As regards the final comment in your initial post, Debbie, I wouldn't be thinking of Bankruptcy just yet.

[aguise]

Sorry to read this Debbie only just got home from work. I hope all goes well and this can be sorted out in your favour.
All the best

Ang

[debtfreesusie67]

Keep strong Debbie

[barbara.worthington]

o debbie i am so sorry that this has happened, am keeping everything crossed for you that your offer gets accepted

thinkin of you and sending you a big hug

love barb x

[Shining]

Lots of positive vibes coming your way Debbie, I sincerely hope it's accepted.

[MelanieGiles]

Surely all your IP needs to do is advise creditors that the offer is revised from 25p to 20p - and explain the reasons why. I do not see that as a failure point - after all this time they ought to be glad to be getting something and bankruptcy presents a far worse return.

[jpj]

Hope it all works out for you Debbie...my F+F went through at 18p in the £...so yours will still be more!! )

My IP got all the figures from creditors finalised BEFORE the F+F meeting was organised.

Fingers crossed for you!

[Soulgrowth]

Thanks for your positive thoughts everyone.

Ian ... I have to say that I am suprised that something like this wasn't anticipated before the creditors meeting was determined. The Landlord had to be given notice to present his claim and has done so only at the 11th hour.

Melanie, I thought that they wouldn't vote positively now because the return dividend had gone down, all along I have tried to offer the same as would have been achieved under the IVA.

Again, I have to say that the copy of the notice of the creditors meeting only said that I had raised the funds from re-mortgage ... not why I had had to do so.

I kind of feel it's all rather in the laps of the Gods at the moment and feel a bit out of control.

Debbie

[MelanieGiles]

Not so Debbie - 20p is almost as good as 25p and you have the money available to pay them NOW! That ought to be good enough if your IP firm is prepared to fight for you - as it represents a much better return than would be available under bankruptcy proceedings I assume.

[jpj]

As the landlords claim has rocketed Debbie creditors should have to take that into account, the reason you can only offer 20p and not 25p is not your fault.

I just took a chill pill with my F+F and thought sod it, it either goes through or not...if it doesnt im still no worse off and I will still be in a better position than before my IVA ...even if I have to carry on paying for 3 more years!

[Soulgrowth]

I am certainly chewing on the chill pill today!

What I am a little afraid about is the extent to which my IP IS willing to fight for me ... again, I have only spoken with the assistant who has prepared me for bankruptcy ... rather than my IP herself.

I have a really full day today (taking a service for a lady who used to be one of The Tiller Girls ... anyone remember them?) ... so I don't have time to make any phone calls etc. ... and then it will be Monday ... I have just seen that the creditors meeting is at 2.45pm.

So I am very much placing all my hopes in the fact that I HAVE got an IP that will fight for me.

Debbie

[MelanieGiles]

Don't forget there is a 14 day adjournment period Debbie, so the battle does not have to be over in one day.