Creditors Who Refuse IVA?

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Nikdav2713

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Post by Nikdav2713 » Wed Feb 18, 2015 9:32 am
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.

Thanks in advance
N M Yates
 
 

Foggy

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Post by Foggy » Wed Feb 18, 2015 9:39 am
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
 
 

Nikdav2713

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Post by Nikdav2713 » Wed Feb 18, 2015 9:49 am
Thanks for your reply. Lloyds are the main creditor on my proposal with overdraft, loan & credit card.
N M Yates
 
 

mole

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Post by mole » Wed Feb 18, 2015 11:00 am
Amex refused mine and I understand they are still not that easy to deal with.
 
 

hubert

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Post by hubert » Wed Feb 18, 2015 12:04 pm
MBNA refused mine but were out voted.
One pay-cheque away from oblivion!
 
 

Adam Davies

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Post by Adam Davies » Wed Feb 18, 2015 12:07 pm
Hi

Lloyds are not known for rejecting IVAs

Regards
Andam Davies
 
 

lifenoteasy

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Post by lifenoteasy » Wed Feb 18, 2015 12:07 pm
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.
 
 

hubert

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Post by hubert » Wed Feb 18, 2015 12:18 pm
Forgot to say, Lloyds was a creditor of mine too and they voted yes.
One pay-cheque away from oblivion!
 
 

PaulyB

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Post by PaulyB » Wed Feb 18, 2015 12:55 pm
The only awkward one I had in the bad old days was Northern Rock
 
 

Sharon.10

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Post by Sharon.10 » Wed Feb 18, 2015 2:09 pm
Hmrc and barclays did not take anything from my iva arrangement.
Last payment made August 2012 Certificate of Completion recieved 15th of Novenber 2013.
 
 

Nikdav2713

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Post by Nikdav2713 » Wed Feb 18, 2015 2:43 pm
Sounds positive then, fingers crossed for the 2nd March. Just a Waiting game now.
Thanks Guys
N M Yates
 
 

MissBrightside

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Post by MissBrightside » Wed Feb 18, 2015 7:10 pm
Lloyds and MBNA were my main creditors and both voted yes back in November. Good Luck!
Can we climb this mountain? I know we can make it if we take it slow.
 
 

seagulls

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Post by seagulls » Thu Feb 19, 2015 10:51 am
I had Lloyd's and MBNA as creditors and they both agreed to the IVA .
 
 

recovering

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Post by recovering » Thu Feb 19, 2015 6:41 pm
And me
 
 

kev59

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Post by kev59 » Thu Feb 19, 2015 8:18 pm
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,
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