Posted: Tue Jan 13, 2009 9:23 pm
Hi
I am currently in an IVA and have just received my first annual statement. I was wondering if someone could clear up the breakdown of my statement.
Under the Liabilities header it reads the following.
Creditors listed as per debtors statement of affairs totaled £27,200. Creditors claims logged to date are £7,430. There are 2 creditors on the statement of affairs who have not made a formal claim. At the date of the debtors proposal these claims were estimated to be £20,300.
A few questions.
1. Is this valid? I though a certain percentage of my creditors had to accept the IVA for it to be considered.
2. A long shot i know but what are the chances of me settling the £7,430 I owe to my creditors personally and leaving the IVA?
3. What has happened to the £20,300 debt. Has this been written off?
I hope you can help
Much appreciated
Michael
I am currently in an IVA and have just received my first annual statement. I was wondering if someone could clear up the breakdown of my statement.
Under the Liabilities header it reads the following.
Creditors listed as per debtors statement of affairs totaled £27,200. Creditors claims logged to date are £7,430. There are 2 creditors on the statement of affairs who have not made a formal claim. At the date of the debtors proposal these claims were estimated to be £20,300.
A few questions.
1. Is this valid? I though a certain percentage of my creditors had to accept the IVA for it to be considered.
2. A long shot i know but what are the chances of me settling the £7,430 I owe to my creditors personally and leaving the IVA?
3. What has happened to the £20,300 debt. Has this been written off?
I hope you can help
Much appreciated
Michael