Well tomorrow is D Day! From my first phone call(which ended in tears!) to the creditors meeting at 12pm on 4th November.I can't believe it is finally here!Our borrowings escalated from an 18 month building project which went completely wrong
in every way. We were told that we would have no problem getting a remortgage but after 6 months of trying, we finally admitted defeat in late September.Yes, the Credit Crunch well and truly "bit" us!
My husband and I are both proposing an IVA but our greatest fear is that Lloyds TSB will reject as they hold more than 25 per cent of our debt and it is under a year old.
What will happen if one of us gets accepted and the other doesn't - or is that unlikely to happen?
I must add that I have become totally addicted to this site in the last month and don't feel so alone!
The very best of luck to you. If you have put the best proposals forward, and they represent the best return for creditors, I am sure that you will get the result that you are looking for.
Good luck from me too - Your Nominee (IP) would not have put forward your case if he/she did not think it would go through.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
I posted on a previous thread, but I'll wish you good luck again on this one!
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
glad that you dont feel alone with the forum...i think so many of us get isolated with our debt....so finding this site is really such a support....i hope that tomorrow goes well and you will be celebrating with us all
keep posting
IVA completed 11th Dec 2009 due to a Full and Final with the fantastic help of Michael Peoples and
Mc Cambridge Duffy
Good luck from me to.It isnt easy waiting for that phone call i know i couldnt go to work that day, but i havent looked back since my iva was approved.
