Seven days to go until Creditors Meeting

[Dominic]

thanks chuchmouse, my debts come to about 44 to 45 K and Lloyds has about half of that the rest arpead about among 6 other creditors. My monthly paymetns will be £530 a month including IP costs about 40 ood p in the pound.

Good luck all.

[neverending]

Hi
Just to put people at ease and say that a creditors "meeting" just does not happen.It is all done by post in nearly all cases [as Churchmouse can verify]You feel that all your creditors are huddled around a table discussing your case but nothing could be further from the truth.Your creditors probably have many IVA "meetings"on the same day as yours and many use large accountancy firms to process IVAs.I am
afraid that we are all part of a large IVA conveyor belt !!!

[Dominic]

so i guess they have pretty much already decided

[Dominic]

Getting scared again I know its daft but I cannot go bankrupt, not becasue of shame or any stupid like pride, I would lose my job and income.

[neverending]

Dominic
It is unlikely that your IVA will not be approved if it will return a greater amount than bankruptcy.Your IP would have stated that bankruptcy would show a far lesser return in the report and proposal that goes to all your creditors.Try and relax as you have now done all that you can.
Regards

[Dominic]

yes you are right. It does say that, i have absdoulutely no assessts

[Dominic]

it definitley would bankruptcy means they get zippo, no assests to sell, IVA means they get something.