Rejected before meeting?

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stressed1

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Post by stressed1 » Tue Jan 20, 2009 6:46 pm
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My creditors meeting is scheduled for Feb 10th. However I have had a letter from Barclays today quoting "we are in receipt of the proposals from your appointed rep in relation to yr account -following consideration we regret to advise you this is not acceptable"

Is this normal?
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plasticdaft

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Post by plasticdaft » Tue Jan 20, 2009 6:57 pm
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Just send the letter on to your IP. Do they hold a large portion of your debt??
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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kallis3

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Post by kallis3 » Tue Jan 20, 2009 7:00 pm
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I agree with Plastic. Get in touch with your IP and tell them.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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stressed1

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Post by stressed1 » Tue Jan 20, 2009 7:24 pm
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I will let the IP know tomorrow- they do hold about a quarter of the debt
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luluj

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Post by luluj » Tue Jan 20, 2009 7:26 pm
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Don't panic ..... if it was 75% of your debt they held then you would have something to worry about ! Speak to your IP for reassurance !
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

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Skippy

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Post by Skippy » Tue Jan 20, 2009 7:58 pm
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Try not to worry Stressed. As the others have said speak to your IP and they will be able to reassure you x
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flumpy dog

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Post by flumpy dog » Tue Jan 20, 2009 9:30 pm
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listen to the others and call your ip for reassurance.
these guys are using scare tactics hoping if you think theyre gonna reject then you'lle pay up. try not to fret and call your ip. we're here if you need us
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MelanieGiles

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Post by MelanieGiles » Wed Jan 21, 2009 1:03 am
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Strange letter - Barclays are generally supportive of IVA proposals.
Regards, Melanie Giles, Insolvency Practitioner
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size5

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Post by size5 » Wed Jan 21, 2009 9:56 am
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Assuming that a draft proposal has been sent, it sounds to me like a tactic to get the client to get in touch and then of course to demand direct payment before any meeting is held.

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stressed1

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Post by stressed1 » Wed Jan 21, 2009 11:10 am
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I have noticed the letter is dated the 9th and this was before my proposal was sent(to me anyway).So not sure if they are referring to the original income and expenditure sent and the token payment letter. This is the first peep I have had from them. I spoke to my IP who said it was highly irregular and is looking into it.....
I will be glad when the creditors meeting is done with and I know one way or another- I think ive aged about 10 years in the last month
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