Offer to end IVA accepted!

[Lisa2009]

Good luck from me too

[bobs]

Hi

Just a quick note to say many thanks for all of your good luck messages it is much appreciated.

Andy / Mel

Could i have your thoughts on this. The paperwork has been received today and the final offer will be 0.23p as opposed to the original offer of approx 0.34p. The original iva over 5 years was for £18,000.00 and including the proposed full and final settlement payment of which has been banked by the IP means that a total of £15.200.00 has been made available over the last 30 months. We do have a breakdown of IP costs detailed.

As our circumstances have drastically changed during the last 4 months, Diane will be made redundant with no redundancy pay at the end of Jan 08 ( she only earns the minimum wage as a hairdresser ) and my income has decreased from £1400.00 per month to £200.00 per month ( carers allowance ) due to having to leave`work to care for my mother who has an inoperable brain tumour - all of this has been detailed to the creditors - then what do you think the chances are of acceptance as the only viable route if not will be bankrupcy. The house is in my name only, the debt is totally Diane's as per the initial IVA acceptance.

Also at the meeting will it need to be 75% by debt value who need to accept.


Cheers

Bob

[MelanieGiles]

I think that you have a very good chance of acceptance Bob, and hats off to you for giving up your work to look after your Mum. She is a lucky lady to have such a caring son, and you really do deserve to put this all behind you.

You will need a 75% majority voting at the meeting, for which I send you every luck.

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

[Adam Davies]

Hi
I also think that your offer will be accepted.Full and finals are liked by creditors as they receive their money alot earlier than in a full term IVA.Given both your change in circumstances I can't see any reason for it being declined
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

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

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

[Skippy]

Good luck Bobs, I hope your offer is accepted. I also wanted to say how sorry I am to hear about your mum, and how lucky she is to have a son as caring as you.

Good luck to you, Diane and your mum x

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/

[bobs]

Hi

Just to say many thanks for all of your kind and wonderfull posts it is much appreciated.

Take care and hope you all have a wonderfull Xmas.

Bob

[scaredkez]

good luck bob, hats off to you for giving up work to look after your mum, all the best.
kerri

Please view my blog at: http://scaredkez.blogs.iva.co.uk/

[bobs]

Hi

Well tomorrow at 11.00 we will know if Diane has had her full and final accepted or not. Some strange feelings over the last week as it draws near, trying to convince ourselves that there is no use worrying as what will be will be but I guess it may be a bit of a sleepless night tonight.

Take care all

Bob

[Skippy]

Good luck to you both for tomorrow x

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/

[bobs]

Hi there
Just to let you all know that the full and final settlement figure was accapted on Wednesday at 0.23p instead of original offer of 0.34p. Only one creditor, nationwide voted, but now it is all over.

I would like to thank you all for the support over the last few months it has meant a lot to both of us. It is superb to know that there are sites such as this, in fact this site made us aware of the possibility of a full and final.

Once again many thanks for all your help esp to Andy and Mel and we will still log on in future to offer any help that we can

Take care all

[Skippy]

That's really good news Bobs, I'm really pleased for you.

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/

[MelanieGiles]

Thanks Bobs - it's posts like yours that make me want to give up my time to help others, and I am sure that you will now share your own experiences in the future.

Another success for the forum!

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

[Adam Davies]

Indeed,and makes it all worthwhile.
Well done to Bobs

Andy Davie
IVA.co.uk Spokesperson and Website Manager

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

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

[Lisa2009]

Many congrats bobs im so pleased for you. Hope your mum is doing ok.

mrs skint