really worried shares are less than half expected

[hymers]

My Iva has ran for almost a year I have paid in much mroe than expected through working overtime. Mt shares are less than half expected though I am meant to pay £1000 before September (originally anticipated this year from share save) they are only worth £467 what shall i do Im really worried

[catullus]

The answer to this question is EXACTLY WHAT DOES THE PROPOSAL SAY? The reason for this is that there are a number of different types of clause that could have been used in the proposal/modification.

That having been said it would be unusual for the proposal to say that " a minimum of £1000 " must be acheived for the sale of the shares because that was really beyond your control.

The fact that you have paid much more in to the IVA through overtime will stand you in good stead so I really don't think that you need worry too much but do have a good look at the clause in the proposal to understand exactly what you have to do.

[Oliver]

Talk to your IP about this so you can tackle this potential problem head on. I suspect that with the overpayments you have made from the extra work you have been doing this will not be too much of an issue for your IP.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[Adam Davies]

Hi
I don,t think that you can be responsible for the share price,as long as you have sold the number of shares that were proposed then you really can,t do any more.
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

[MelanieGiles]

If the shares are only worth a certain amount, so be it. As the other posters have already mentioned you cannot control the share price.

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

[iva experts]

As shares fluctuate it would be quite difficult for the creditors to ask for a specific amount by a specific date. Double check your proposal to see exactly what has been asked. If you cannot make sense of it then i would contact your I.P for more clarification.

Best Regards. IVA Experts

[hymers]

thank you everyone I really appreciate all the advice

[Oliver]

You're welcome. All the best and please let us know how you get on.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp