Sorry for got to say that there was another modification concerning the IP fees whereby they carnt exceed a certain amount, i didnt catch the figure but was told not to worry about that as it was just concerning their fees!!

Claire

Hi Melanie, is that likely to happen? Would you suggest that i dont enter into this IVA if this modification stays? if i do that what would happen then? Sorry for the questions but im just getting the same thing off my IP whereby they tell me not to worry and they can get round that in year 4

Claire

HI i rang my IP last night just to clarify and was told not to worry as there was another modification stating that if the equity release can not be done then a meeting will be undertaken to propose what to do, it would probably entail extending the IVA by a yr. She also said that the IVA will not f...

Thanks Melanie, im not worrying just asking what would happen if this can not be achieved, would the IVA ultimately fail? I asked my IP and they just said that should this happen then a meeting would be called and the matter discussed.

Claire

Further to my previous posting today, just heard from my IP and my IVA has been accepted just one modification to do with my property as my original proposal did not include an equity release as my property is a shared ownership house (1 own 50% accord housing own the rest) and i pay rent and mortga...

Well my creditors meeting was at 12 today and as yet im still none thw wiser...I called my IP at 1.30 and she informed me that shed only had one vote from MBNA who surprise suprise had rejected outright, neither LLoyds, Lombard or Northern Rock had voted although Lombard had requested a faxed copy o...

Thanks for all your good luck messages... Well my meeting was at 12 today and as yet i have not received my call, after the first meeting i was called with the news 10mins after the time of the meeting, however its been 50mins now and still no news...is that a good or bad thing? God i feel sick now ...

Hi all, dont know if any of you remember but i posted here last week stressing about my IVA proposal as it was being re-proposed and i asked the likelyhood of MBNA selling my debt between my 1st meeting (2 weeks ago) and the one thats being held tomorrow. Contact my IP today to see if she'd heard fr...

Hi go 4 broke

The last payment i made to mbna was at the beginning of february just before i started down the IVA route. This was the last payment i made to all my creditors, i had never missed a payment on any of my loans or credit cards until my IP told me to stop paying them!!

Hi Melanie

I will be paying £394.00 per month into my IVA which will give a return of 40p in the £. Is that not enough?

Hi Melanie Thanks for your reply I have left a message with my IP but as yet I have not received a reply. I will try and call them tonight. When you say I have the option of an offer of settlement directly with my creditors, what does this mean? is it a type of DMP or something different? I am unabl...

Hi, I posted last week about my IVA being rejected at the 1st Creditor meeting and that my IP was re-proposing it on the 22nd March and was hoping that in the mean time that MBNA (one of my creditors) would seel my debt to Max Recovery. I have recevently received a statement from MBNA saying the acc...

Can anyone please offer any advise on this

Claire

Hi Melanie thanks for your reply, my dividend is 40p in the pound. And i got the information about the law degree from the law society. A bankrupt cannot practise as a solicitor whilst i would get a degree at the end of my course it would not be a qualifying one.

Thanks
Claire

I have recently proposed and IVA through Freeman Jones the first creditor meeting was held two days ago and was rejected. The creditors that rejected where MBNA who is owe £3500 approx to and Northerm Rock who i owe £7000. My two others creditors Lloyds TSB who i owe £11000 approx to and Lombard who...