shortfall at end of IVA

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enquirer1

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Post by enquirer1 » Tue Oct 23, 2007 8:40 pm
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My IVA has six months to run. Original total £ 125000, costs £16000 interest at 8%.
It does appear there will be a shortfall at end of period of £ 25000.
In your experience what happens? My present administator is not good for such questions.
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gavin

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Post by gavin » Tue Oct 23, 2007 9:07 pm
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hi sorry i dont no i thought that interest was frozen when on iva 1 of the experts will help you soon welcome to the forum

Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
Last edited by gavin on Tue Oct 23, 2007 9:15 pm, edited 1 time in total.
Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
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MelanieGiles

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Post by MelanieGiles » Tue Oct 23, 2007 9:08 pm
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Were you offering to repay creditors in full?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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iva experts

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Post by iva experts » Wed Oct 24, 2007 10:09 am
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Welcome to the Forum enquirer1,

Could you provide what dividend (p/£) you were offering to your creditors? Unless you are offering 100p/£ there will always be a shortfall, this is the amount at the end of the term that gets legally written off.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/
Best Regards,
Michelle Pontes
IVA Experts
http://www.iva-experts.co.uk/
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