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Posted: Mon Aug 10, 2009 8:59 pm
by hellyp4
hi my husband and myself have had seperate IVS's for the last 18mths and this involved selling our house too. Finally 6 weeks ago we sold and are now in rented accomodation Unfortunately we only managed to get half of the equity that we were expecting because of the downturn in the housing market. DfD are calling a variation meeting with our creditors for the beginning of Sept with new figures. Our original figures we would be paying 100p in the £ this one is offering 79p in the £. What do you think the chances are of them accepting the offer or will they make us bankrupt. Thank you
Helen
Posted: Mon Aug 10, 2009 9:03 pm
by kallis3
Hi,
You are still offering a good return to your creditors, much better than they will get if you go bankrupt.
I think you will be fine.
Posted: Mon Aug 10, 2009 9:55 pm
by MelanieGiles
I think that they will snap your hands off Helly - do let us know how you get on.
Posted: Tue Aug 11, 2009 9:10 am
by Michael Peoples
I agree. Madness to turn that offer down especially in the current market.Good luck.
Posted: Tue Aug 11, 2009 10:57 am
by hellyp4
Thank you all soo much it has me worried that after all this time we would get made bankrupt. Fingers crodssed then. i will let you know the outcome. Thank you again..your advice on here to thousands is invaluable.just to know someone is there
Helen
Posted: Tue Aug 11, 2009 12:35 pm
by plasticdaft
I really cant see anyone turning down anything over 40p in the pound for the forseeable future.
Good luck
Paul
Posted: Thu Sep 17, 2009 4:21 pm
by hellyp4
Hi just to let you know that our creditors have accepted the offers but they were a bit picky..we could get council tax £12 cheaper if we moved !!!! Hence they have raised our payments by £12 each!!!!!
Anyway all is gd and that will be it now for just over 3 more years. Thanks for your support
Helen
Posted: Thu Sep 17, 2009 4:27 pm
by kallis3
Great news Helen. Hope that you have no problems for the next three years.
Keep us informed as to how things are going.
Posted: Thu Sep 17, 2009 4:27 pm
by size5
Hooray for commonsense, shame about the pickiness though.
Regards.
Posted: Thu Sep 17, 2009 4:30 pm
by Michael Peoples
Well done but I agree it was a tad petty to go after £12 each. However, main worry over and good luck for the remainder of your IVA.
Posted: Thu Sep 17, 2009 4:57 pm
by Declan at DebtFreeDirect
Hi Helen
Just picked this up now. Well done and I hope the remaining period of your IVA runs smoothly. Any questions or queries, don't hesitate to ask.
Thanks