Hi, Im new on here and just after some advise. I am currently setting up an IVA and a meeting has been arranged for the 2nd March with all the creditors. I was just wondering if there are any creditors which are known for saying No to the IVA proposal?
Its all becoming real now, and im worrying a little.
I don't think there are any real ogres these days, as many creditors are represented by firms like The Insolvency Exchange (TiX) and Max Recovery.
HMRC can be awkward if they are a majority voter and might extend the term or increase payments. Northern Rock (NRAM) will also try to extend the term ( and often have the clout to do so).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
As far as I am aware no-one refused ours but both MBNA and Amex were involved (with the latter one of the nicest organisations to deal with as we started everything).
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
as above, both Lloyds and mbna which were my main creditors and both said to my ive and when I put in my ff offers. good luck for the 2nd sure your be ok.
IVA now over with and it was worth it.
now starting my life again,