Good Evening Everyone, 10 months on from when my iva was settled I am doing well and one thing it taught me was to not spend what we dont have. My fixed rate runs out this October and woundered whether anyone could advise me of a good broker who could secure me another fixed rate ? I am currently wi...

Evening Everyone, As you may now I have just had my F&F accepted and am just waiting for the chairmans report and to sign before it is offical. I have some question I would be greatful if you may be able to answer. 1. My mortgage fixed rate runs out in 2011, will I be able to remortgage for a better...

Hi I have just had mine accepted and the whole process will take upto 3 months from today and it has toook 40 days to get to this point so all in all around 4 months.

That does sound about right and goes to show that low dividends are accepted when they are best offer. That definatly is the case Michael. I think my advise to anyone is make sure they are clear about what they want to do and that they understand everything that is involved in an IVA. I will hang a...

Great news Poxy. Creditors clearly took a commercial and sympathetic view and an excellent result all round. I assume the final dividend accepted was quite low? I beleave it was 9p in the pound if that sounds right. we had debt £35k and they have accpeted £6000 + our payments to date as a final pay...

Ladies and Gents,

I have today finally got the result from the Creditors meeting and they have accepted. I am over the moon!!!.

Thankyou to everyone who helped with advise through the months that have passed.[:)]

Regards

Poxy

Evening All,

Just another update for you as you have now become like family lol.

Creditors meeting set for 23rd March at 11am so will let you know the outcome[:)]

Evening Everyone, ****UPDATE***** B&E have now drafted a report to send to our creditors for a f&f payment. We just need to sign and send back to them for the meeting to be setup. After all that has happened I feel slightly better and hopefully the creditors will accept the offer we have put forward...

Thanks to all of you for your support once again.

Melanie they have said they will put my letter forward, but can I ask in your experience do you feel I have a chance of accpetance ?

Regards

Engin

I have wrote the letter below and would like to know if this letter is ok or is there anything else I need to include Dear Sir/Madam Further to out telephone conversation I would like to formally offer a lump sum payment of £5000 as a full and final settlement of my current IVA. My Partner () has n...

If there are 7 months payments to date there would be no money to offer a settlement as it is unlikely that the fees and costs have even been met. However, the bankruptcy route is not as bad as you think as you are confused about the 15 year rule. Bankruptcies tend to last for 12 months but in extr...

If you cannot make the payments and there is no third party offer of funds you could ask creditors to accepts payments to date as full and final settlement. The alternative is that the IVA will fail and you could petition for bankruptcy. Your brother could use his money to help your family meet the...

Morning Everyone, Just got off the phone to my account manager and after doing the new income and expenditure form with are at minus £321 per month so it clearly shows the IVA is no longer affordable and effective for us. What happens should my brother withdraw his offer to give us the money, where ...

I would have thought that you stand a very good chance of getting that sort of offer accepted. Let us know how you get on in due course, and good luck. Hi Melanie, How long does it take from me putting the offer letter to my IP to the creditors coming back with a decesion. Do I have to continue wit...

Evening Everyone, I thought I would update everyone on how we are doing. since I last wrote my mother in law has given us till the end of January and then she goes back to work so my mrs does have to give up, with us losing her money and the amounts on the IVA being incorrect there is no way of even...