Outstanding claims??

[kandh]

A couple of days ago we received info from our IP regarding our offer for a FFS. Enclosed with it was a copy of the variance proposal that has been sent to hubby's creditors.

As per the original chairmans report and figures provided for the IVA proposal, this one also states the total agreed claims of £62,785.45 which was the same amount but there are outstanding creditor claims totalling £926.00.

All bar one of the debts were way above £1000. The only one that wasn't was for Barclaycard as from the list of proofs also received, they are on the list with a debt of £862.57 so its obviously not them. So we are now unclear as to what or who this could be outstanding by this amount? Is it possible that a creditor hasn't claimed the full amount that was owed pre-iva?

The other creditors on the list are 4 from RBS and 3 from Max Recovery.

Obviously not including this amount in the final figures isn't going to make any sort of dent to the total debt whatsoever but we are just curious?!!

Our variation meeting is set for Monday 17th Sept at 10 am. I am a nervous bundle now so goodness knows what I will be like on the day!!! I assume that we will get a phone call after the meeting to say yes or no??

Also, how are these creditors (Max Recovery, RBS and Barclaycard) at full and final settlements?

K
xx

[Adam Davies]

Hi
Full and finals seem to be favoured,at the moment,by creditors.
Fingers crossed for you
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

[kandh]

Thanks Andy. I do hope so!

As you know, we have been planning this for a couple of months now and explored all avenues (we hope!!) so although the offer figure is only a little higher than we predicted we dont have to pay for the variation fee so the increase is offset anyway!

K

[MelanieGiles]

Call up your IP and ask them to identify the mystery creditor.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[kandh]

Hubby just got back from a few days away and has figured it out!! It was his overdraft on his current account with RBS. Strange considering he also had a loan and 3 credit cards with them which are definite claims.