IVA creditors meeting yesterday. IVA rejected

Get expert opinion. This is the place for new questions to be posted.
67 posts Page 5 of 5
Post Reply
 
 

A mar.70

User avatar
Posts: 12
Joined: Thu Aug 25, 2011 10:52 pm
Post by A mar.70 » Mon Sep 12, 2011 9:50 pm
Quote
Hi
Can creditors (those were included in IVA proposal and they haven't voted on creditors meeting ) take any legal action against us or refuse to accept IVA. How long creditors take to stop contacting you after the IVA accepted ?
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77175
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Mon Sep 12, 2011 9:56 pm
Quote
No, every unsecured creditor is now bound by the IVA and can do nothing at all.

It does sometimes take a while for the creditors to stop contacting you - a breakdown in communication.

You have nothing to worry about.
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
Top
 
 

plasticdaft

User avatar
Forum Expert
Posts: 9562
Joined: Wed May 21, 2008 12:45 pm
Location: United Kingdom
Post by plasticdaft » Mon Sep 12, 2011 9:57 pm
Quote
Amar,Can I ask how long the 1st IVA ran for? Did you complete it early or did it run for the 5 years?

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Top
 
 

A mar.70

User avatar
Posts: 12
Joined: Thu Aug 25, 2011 10:52 pm
Post by A mar.70 » Mon Sep 12, 2011 10:10 pm
Quote
I have successfully completed my previous( first )IVA in full term 5 years .
Top
 
 

plasticdaft

User avatar
Forum Expert
Posts: 9562
Joined: Wed May 21, 2008 12:45 pm
Location: United Kingdom
Post by plasticdaft » Mon Sep 12, 2011 11:14 pm
Quote
Thankyou. Just wondered what happened to drive you back into debt after struggling through a 5 year IVA. It would put most people off credit for life!!!

Glad you got a positive result and fingers crossed for a smooth running IVA to get you back on the right track.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Top
 
 

oscar

User avatar
Posts: 907
Joined: Thu Nov 27, 2008 10:24 am
Location: United Kingdom
Post by oscar » Tue Sep 13, 2011 9:40 am
Quote
I just want to wish you well and hope you get this sorted out and that it gets approved in the end. Keep us informed.
best wishes
Oscar
http://rollercoaster.blogs.iva.co.uk/

need to smile today? go on check out my blogs - I'll add to them regularly
Our IVA's over YIPPEE unbelievable!Seems like yesterday it was approved despite everything
Top
 
 

A mar.70

User avatar
Posts: 12
Joined: Thu Aug 25, 2011 10:52 pm
Post by A mar.70 » Tue Sep 13, 2011 1:07 pm
Quote
Many Thanks for yours nice comments.
Top
Post Reply
67 posts Page 5 of 5
Return to “Ask IVA Forum and Industry experts”