That helps, thanks.

Or pork tongue?

I would certainly say it is possible to survive for less, but whether people are prepared to do so is another matter.

Has anyone been involved with an IVA where the use of a small amount of credit for a specific and necessary purpose was permitted by the creditors, other than business use for self employment?

Link doesn't go anywhere.

The creditors would have the option of reducing the fees when the meeting was held if they thought they were excessive, so provided the amount was acceptable to them the fees shouldn't be a problem.

Thanks very much all, that's helpful.

As I understand it, a modification - 'Payments made to Nominee pre IVA' - is used by voting creditors, that ensures that any funds received by the IP before the creditors meeting takes place are entered in to the IVA in addition to the standard 60 contributions. If the IVA is not accepted, the funds...

On the assumption that the asset was returned and re-sold by the hire purchase company, leaving a sizeable shortfall, that is what I would have expected. If the hire purchase agreement secured against the asset had, say, 24 months remaining, with no balloon payment, and a potential re-sale value, wo...

Cheers, sorry about that.

Were the debt recovery agencies Debitas Legal Services and CapQuest?

Hi, I have been observing the forum for a couple of weeks now and have been impressed with the wealth of information to be found. I would like your opinion on the following: In general, how are creditors likely to react to an IVA proposal requesting that a caravan or other luxury asset is to be excl...