We have taken that step, and although I feel relieved at times that things are moving forward, I am still petrified ! Grant Thornton have just collected our paperwork to put the wheels in motion for our IVA (debt of 90k - ouch) Am in right in assuming that if our IVA is accepted and once a payment amount has any overtime my husband earns has to be paid into the IVA ? GT are being really helpful, but I can't help but worry and want to make myself aware in advance so we don't get any nasty shocks.
Hi Cath,
Good to hear from you - good luck to you too !
I'll keep this site posted as to my progress - would love to know how things are going with you.
All the best,
Sue
hi wasp welcome to the forum ladyh is right,when you get your proposals back to sign read all the terms and conditions carefully,then ask any questions if your in any doubt about anything.
Hi all !
I've just had a really difficult telephone conversation with MBNA (from lady in India!) with the caller telling us how risky an IVA is, that they could help us (only a fifth of our debt is with them) by freezing interest for 3 months if we made a payment etc. I advised them that we were not in a position to pick and chose which creditors to pay and that they would be hearing from our IP (GT) in the very near future. After 20 minutes I told the lady that I hoped the call was being recorded as I felt her manner to be both intimidating and threatening, as she said we would continue to get these calls, to which I replied that we would make a conscious effort to ignore their calls and that they should wait to hear from GT.
Is this the right thing to do ? Your valued advice would be greatly appreciated.
