www.iva.co.uk

Hello every1. I'm new to this forum and I'm currently getting all the paperwork together for an IVA proposal with Vincent Bond and Co.

DEBT 55k
repay pcm 550.00 (hopefully)

my question is whilst i'm doing this i've missed a few payments and i'm receiving default notices threatening court action in days. (mercers for Brclyd) (egg.com

i need too avoid the court's CCJ's etc at all costs and I'm wondering what can Be done to stop this. i'm aware Vincent Bond & co have no IP in house.

I've forwarded most of my documents to VB But I'm awaiting some paperwork from tesco / halifax.

HELP!!!

Hi there and welcome to the forum.

Vincent Bond are a well respected company on the forum and so therefore a great choice made by you.

Default notices are normal at this stage if you've missed payments and Mercers can be a real pain, hang in there I'm sure it won't be long and direct any correspondence to Vincent Bond who I'm sure will deal with this on your behalf.

Hope you get your paperwork that you're waiting for very soon and get on the road to debt freedom. All the best.

It would take some time for creditors to get a CCJ but the calls and letters will continue for a while. I doubt it will be too long for an IP to contact you and I sure your IVA will be in place before any legal action happens.

Welcome to the forum Helen. Rest assured, you will find loads of valuable advice and support here.

Hi Steve,
Welcome, My IVA took 6 weeks from start to finish, I think it all depends on how complex an individuals case is, ie property etc, but another thing that helped me (to help myself) was being very quick with the paperwork and sending everything in to the IP FAST, you have to help them to help you.

Cheers
Mark

Welcome from me too.

It is unlikely that they will take out a CCJ, and the creditors will threaten you all the time. Mostly they are scare tactics to try and get you to pay money.

If you produce all of your paperwork to an IP on a Monday, there is no reason why your IVA proposals cannot be prepared on the following Tuesday if there is good reason. We tend to work on a three week turnaround from a file becoming completed to the proposals being signed, but this can be fastracked for genuine reasons.

The main delay we find is getting information from our clients in the first place - so if you can speed up that bit your case will be processed far quicker.

Hi Steve,
Welcome to the forum. We are counting down the days to the meeting to have our IVA 'hopefully' accepted (2nd March), it has only taken about 5 or 6 weeks to now. As said before make sure you get all the info your IP needs sent off ASAP. It seems to help. Keep coming back for advice and support, they are a very friendly bunch on here and respond very quickly to any questions / posts. Good Luck

Hi Steve

Like others hear my IVA took 8 months to complete due to various complications. In that time I received numerous call and letters but it never got to the legal stage. The worst that happened in my case was one of my creditors sent a rep to knock on my door but this was 3 weeks after the IVA got agreed. Don't worry too much I kept them informed of progress when they called and we remained civil with each other.
By the way I’d recommend having an IVA. It’s not easy especially trying to budget for occasions (e.g. this year 2 of my sisters got married plus my daughter made her communion) which can put pressure on you. On a positive note I’ve lost 2 stone in my first year (due to lack of takeaways) and gave up smoking.

shaneo, great post which pretty much reflects my IVA apart from the weight loss. x