www.iva.co.uk

Had the Chairmans report today, so here goes with our results:

RBS 16,799.50
HBOS 20,854.02
RBS 10,780.35

These all voted yes. The first RBS and HBOS were joint loans with my husband. The second RBS was my credit card.

The following did not vote:

Barclays 6,392.00
GE Capital Finance 1,790.00
GE Capital Finance 2,227.00
HSBC Cards 8,482.00
London Scottish Finance 15,290.00

The only one who voted against was Lloyds TSB with a balance of 2,666.26.

One of my modifications was to do with overtime, and I think they have been quite generous with this. If I do overtime, anything I earn in excess of 10% of my take home pay I have to declare, and then I have to pay 50% of the surplus. Was quite pleased with this as no way do I ever earn enough overtime to do that.

I have to have the house revalued in month 54. We then have to try and get a mortgage for 85% LTV. If we can't get one, the IVA will continue for another year. As hubbie will be 65 by then, and I will be 58, I can't see anyone wanting to touch us.

Was very pleased with the outcome

Well Done Kallis that sounds like a great outcome for you.

I find it odd that creditors like Barclaycard and London Scottish Finance did not vote with quite large amounts owed to them.

I have citi financial and citi credit card not vote on my iva, but everyone else did even with much lesser amounts.

No rhyme or reason to it sometimes[:)]

Great news for you Kallis and I wish you and your husband well
Emma x

I'm still pinching myself

The ones that didn't vote may well sell the debt on.

Kallis if you are anything like me you will be pinching yourslef for a while yet.

I am about to make payment number 7 and I still pinch myself from time to time[:)]

Still got to make payment number 1, but it is such a good feeling. I did not think the relief would be like this.

Well done and best wishes in your IVA,
xx

Thanks chris, and thank god for this forum. I look forward every day to coming home and seeing who has posted.

thanks for posting your results kallis!

2 of our large creditors are HBOS and RBOS, so hope they vote in our favour on monday at our meeting.

am really pleased for you!

love barb [8D]

brilliant Kallis

two of my creditors are with GE money. Hope they vote for me.

Another is lloyds tsb, hope they say yes as other 2 are MBNA (virgin) and cahoot. largest i have is paragon finance. I'm really worried!

Also hubbys largest is lloyds (credit card)

Fingers crossed for both of you.

Can't understand why Lloyds TSB voted against when it is such a small amount compared with the others.

The one thing I had in the back of my mind as well was the fact that they would only have had 13p in the pound if I was made bankrupt. I offered 31p in the pound, my hubbie offered 38p in the pound. At least they will get back more money.

we are offering 41p/in £.

this forum is brilliant for support, but sometimes makes me worse!!