Creditors have rejected my proposal. Advice please

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Jennyds41

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Post by Jennyds41 » Sat Nov 21, 2015 7:43 pm
i am seeking advice following the receipt of a letter that states some of the creditors have rejected the proposal.
 
 

MrsR

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Post by MrsR » Sat Nov 21, 2015 8:23 pm
Was this a new proposal or offering to conclude your IVA early?

Did the letter state why it was rejected?

Did you receive a phone call from your IP to tell you why it was rejected, before you got the letter? If not, I would give them a call to ask for feedback as to why, then discuss with them a plan for what to do next.
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 :)

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kallis3

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Post by kallis3 » Sat Nov 21, 2015 8:34 pm
Hi and welcome,

Can you give us a few more details please?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Lisa Thomas

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Post by Lisa Thomas » Mon Nov 23, 2015 10:20 am
Hi Jenny - just because some creditors rejected your proposal doesn't mean it didn't go through. Was this an initial IVA proposal or as it a variation to an already existing proposal? Your IP would have told you if your IVA was rejected or not. I wonder if you have just received the chairmans report showing the different creditors that voted. How much % voted in favour? You need 75% in value voting in favour to get proposals approved.?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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