Our variation meeting is at the end of May and we are starting to feel very anxious about the whole process. We are concerned what happens if they don't accept the F&F and what happens next!
Welcome to the forum. If your f&f is not accepted then your iva should continue as normal. Where this is not possible your IP will discuss with you other options.
An offer of f&f is done on the same way your iva was initially set up and your IP will ensure it has the best chance of success.
Good luck and try not to worry ..
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
It's completely normal to feel anxious while waiting- I was the same in March when I was waiting for my F&F meeting to take place, and had all sorts of what if worries too.
As Luluj says, if a F&F is not accepted (and a knowledgable supervisor or IP would not put forward an offer if they felt it really could possibly be voted against) , then they will notify you of the reasons why it was not accepted, and will send you a copy of the voting results from the meeting, along with confirmation that your payments carry on as normal.
I do hope that this has made you feel less anxious, though it's easier said than done !
I hope your meeting goes well for you
Started IVA 27th Feb 2012 - Due to complete 27th Jan 2018 !!
Full & Final submitted and accepted 30th March 2015, paid 10th April 2015 - 3 yrs 1 month into IVA
Completion Certificate received- 30th April 2015!!
I can only echo the advice above with the caveat that it depends upon how the variation was drafted and the reasons for bringing it about --- some include alternative options as part of the deal, but, in most cases the IVA will continue as before.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
