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Posted: Sun Feb 01, 2009 1:23 pm
by seanmillykaren
one of my creditors wants some payment before the iva can i pay him
Posted: Sun Feb 01, 2009 1:27 pm
by MelanieGiles
There is no problem in making an affordable payment to your creditors prior to an IVA being proposed, but you will need to ensure that a similar payment is made to all of your other creditors to be fair.
Posted: Sun Feb 01, 2009 1:29 pm
by David Mond
This is an unusual request and I wonder why they want a payment now knowing that you are about to propose an IVA? My gut feeling is to ask why before making any payment to them or any other creditor.
Posted: Sun Feb 01, 2009 1:59 pm
by kallis3
All of our creditors wanted payment before the IVA proposal, even though they knew we were going for one.
Posted: Sun Feb 01, 2009 2:15 pm
by MelanieGiles
I don't find this unusual, most of my clients get harrassed by most of their creditors in the run up to proposing an IVA - even when both we and them had clearly provided written confirmation of our intentions.
Posted: Sun Feb 01, 2009 5:38 pm
by luluj
Don't pay one if you can't afford to pay them all - preferential treatement to one creditor could jeopardise your IVA chances! use this time to bank the money and have it as a safe guard measure when in a IVA - your contigency fund will need to be boosted !
Posted: Sun Feb 01, 2009 7:30 pm
by stoneyB
I was always asked for a minimum payment of say £5. I think that it enables them to clear it for a month. I didn't pay anybody, tempting as it was, as previous posters have mentioned, you have to treat them all the same
Posted: Mon Feb 02, 2009 8:15 am
by David Mond
In my opinion there is no point in making any payment to creditors whilst in the process of putting forward an IVA. Save the money yourself for personal priority payments for the household. It will not affect the way your creditors will vote.
Posted: Mon Feb 02, 2009 9:54 am
by kallis3
You will just have the hassle on the phone, but remain firm and refuse to be bullied.