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Posted: Tue Jan 20, 2009 6:46 pm
by stressed1
My creditors meeting is scheduled for Feb 10th. However I have had a letter from Barclays today quoting "we are in receipt of the proposals from your appointed rep in relation to yr account -following consideration we regret to advise you this is not acceptable"
Is this normal?
Posted: Tue Jan 20, 2009 6:57 pm
by plasticdaft
Just send the letter on to your IP. Do they hold a large portion of your debt??
Posted: Tue Jan 20, 2009 7:00 pm
by kallis3
I agree with Plastic. Get in touch with your IP and tell them.
Posted: Tue Jan 20, 2009 7:24 pm
by stressed1
I will let the IP know tomorrow- they do hold about a quarter of the debt
Posted: Tue Jan 20, 2009 7:26 pm
by luluj
Don't panic ..... if it was 75% of your debt they held then you would have something to worry about ! Speak to your IP for reassurance !
Posted: Tue Jan 20, 2009 7:58 pm
by Skippy
Try not to worry Stressed. As the others have said speak to your IP and they will be able to reassure you x
Posted: Tue Jan 20, 2009 9:30 pm
by flumpy dog
listen to the others and call your ip for reassurance.
these guys are using scare tactics hoping if you think theyre gonna reject then you'lle pay up. try not to fret and call your ip. we're here if you need us
Posted: Wed Jan 21, 2009 1:03 am
by MelanieGiles
Strange letter - Barclays are generally supportive of IVA proposals.
Posted: Wed Jan 21, 2009 9:56 am
by size5
Assuming that a draft proposal has been sent, it sounds to me like a tactic to get the client to get in touch and then of course to demand direct payment before any meeting is held.
Regards.
Posted: Wed Jan 21, 2009 11:10 am
by stressed1
I have noticed the letter is dated the 9th and this was before my proposal was sent(to me anyway).So not sure if they are referring to the original income and expenditure sent and the token payment letter. This is the first peep I have had from them. I spoke to my IP who said it was highly irregular and is looking into it.....
I will be glad when the creditors meeting is done with and I know one way or another- I think ive aged about 10 years in the last month