THE MAN FROM GRANT THORNTON HE SAY YES!.

[olympic_torch]

andydavie.
thanks for your replies.
i have a couple of questions.
how can i dictate the date of the first payment
when i have already sent it with my draft proposal.
with reference to your earlier answer regarding green flag, is it allowed for me to take the monthly payment option when in iva, as they add on a premium
for insallments.
wouldn't this be shown as obtaining credit?

[aguise]

Hi olympic torch
I took the monthly option on mine but if you pay the first month when you take it out as you have to with car insurance then you are in effect paying in advance so therefore not really credit.

Ang

[Adam Davies]

Hi Olmpic torch
Aguise is correct on the installments being paid monthly,you are always paying ahead of the product used so in essence never owe money so its not credit.
With the payment date for your IVA,if its a standing order you control this and just amend the payment date but let your IP know.
Cheques just send them off once paid and again let your IP know that its due to the fact that your pay date is different.
Regards

Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp

[olympic_torch]

sorry, more questions.
the time arranged for our creditor meeting is 3.30pm.
is there a 'deadline' by which they have to vote, is it close of business on that day, or is 3.30 the deadline.
just wondering when i should be ringing my ip to find out my fate.

8 days to go. <gulp>

[MelanieGiles]

The deadline is 3.30pm on the day of your meeting, unless proceedings are adjourned for up to 14 days following the meeting.

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

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[olympic_torch]

thanks melanie.
don't know if that makes me feel better or not !.
its all starting to loom a bit large now.
what sort of problems would cause an adjournment?

[MelanieGiles]

Adjournments are actually quite common these days, and are generally used if there are rejecting votes which cannot be outvoted, but other creditors who have not claimed. The adjournment procedure gives your IP the opportunity to rally more support by having a bit more time.

Have faith - so long as your proposals have been fully researched, and represent the best solution for your creditors, there is absolutely no reason why they should be rejected.

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

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[olympic_torch]

we are trying our best to a corporal jones !.
will the ip ring us at 3.30, or will we have to ring them?.

[mjh24]

Hi I am new to the forum and am currently in the process of trying to get an iva, my creditors meeting is on the 16th may and I am more stressed now waiting for the decision than i was when i was in debt!
I am 27 and owe £32,000 to 13 different creditors, I still live at home but am still struggling to make ends meet, my creditors include, HFC, Cahoot, egg, halifax, marbles, mint, virgin, hsbc, barclays, orange, to name a few!
I am so stressed, i always get a kick in the teeth an I am expecting another one! What do you think?

I will learn by my mistakes

[MelanieGiles]

Hi mjh and welcome to the forum

If you have put the best proposal forward to your creditors then there is no reason why it ought to be rejected. Put your faith in your IP and stop worrying!

To Olympic Torch - what did your IP tell you about contact post-meeting? If you have not heard anything by 4pm I would give them a call.

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

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[mjh24]

offered £350 a month, which works out at I think 42p/£1 return to the creditors......

will post the results after the 16th
kind regards

I will learn by my mistakes

[saz]

My creditors meeting was at 1pm last week but the chairman rang me about 40 mins early, abit of advice from me is dont watch the clock, that morning will drag like mad! Good luck for your meeting.x

On the road to recovery IVA accepted
60months to go

[olympic_torch]

melanie.
no details from the ip yet regarding contact etc.
i have to ring them in the next day or so to inform them of the number i can be contacted at on the day
so will get some info off them then.

[olympic_torch]

also, have to agree with the post by mjh24.
i think i am more stressed now i have a meeting date than when i was being pestered to death by ge money (may they burn in hell) etc.

[Skippy]

Along with MBNA!

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/