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Hi, Just sent off the paperworks to my IP to propose a one-off payment to my creditors, but worried and very afraid. I would like if anyone can share their experiences with me as to how the following creditors will react to my IVA proposal? My three major creditors are :-
LLoyds TSB £32k
NatWest £26k
MBNA £11k
Barclaycard £5k
Halifax £3.5k

That's difficult to answer - all I can say is that all of tjose creditors are professionally represented by good, commercial voting teams who regularly support IVA proposals. If your IP is putting the best offer forward for you, there should be few problems to encounter on the day.

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