Thanks for everyone's replies. If it wasnt for advice that I received on this forum I would have made a critical mistake and accepted the decision. Thanks to Melanie I have got a second opinion. I went back to my IVA company and the person I spoke to yesterday apologised as he said that he made mist...

I & E approx (havent got exact figures) £600 food £600 rent (parents) and council tax, electricity, water and gas £325 petrol (I do over 100 miles to work and back every day and drive a 2.2 litre car) - no way to take public transport as i can be called out to clients anywhere with short notice. £10...

Melanie - when you say get a second opinion regarding my proposal - do you mean revisit this with my IP or discuss it with another IP in another company?

Thanks Melanie. My IP said that if they go back with revised I & E that the creditors will want to know why we didnt offer a higher return in the first place. He said creditors totally £62k voted no and whilst only vague reasons were given, it was def due to high I & E. I was worried about this a wh...

I feel that my IP should have been aware of this - as reading the posts on here it seemed that the creditors would view the I & E to be excessive (it was correct though). I was saying to my other half just a week ago I feared this to be the case. I am where I am - and will need to deal with the late...

Only max recovery voted yes. Natwest owned more than 25% of debt and voted no. I dont know whether to go BR or pursue a DMP

Does anyone know why my main creditor has told my brother that they have declared him bankrupt?

Which debt management plan company do you recommend - CCCS or Payplan?

Creditors meeting today - total amount owed was £85k, immediately offering 30p in £, but with pay rises and bonuses this would have been 70p during the course. My IP informed me that 90% of creditors voted no. My brother has just called me about 5 minutes ago - his credit cards got frozen over the w...

I have my creditors meeting soon. Am hoping to obtain yes votes from creditors although a couple a being very stubborn. 1) First Question - if I dont get IVA through I will petition for bankruptcy - I will not be able to practice in my area of expertise and I dont fancy other types of jobs. I will m...

This forum is smashing. Thank you for the quick reply - can watch the second half of the rugby with more peace of mind!

the creditors meeting is set for a particular date and you get the 75% vote, but a creditor subsequently says that they didnt receive any notification from the IP regarding the meeting date - can the approval be reversed?

Andy,

You have made some very good points, especially regarding votes first time around - that gives me so much more comfort. Thank you.

Thank you Mike

(put posts mistakenly in sept's postbag - so copying and pasting here) in a week and a half. Total debt around £85k, no northern rock or black horse. Am proposing to pay around £600 a month with substantial pay rises and bonuses very much making overall return around 70p in £. Am very nervous about ...

Also I wanted to say that I have received a ton of phone calls which I have been unable to take as I work far away from home, but when I have been able to answer every creditor that i have spoken to so far (about 7 out of 14) have been extraordinarily nice and understanding and it was a pleasure spe...