Variation Meeting

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Chris1970

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Post by Chris1970 » Sat Jul 24, 2010 10:00 pm
If your F&F offer to settle your IVA is rejected can you or are you allowed to negotiate at the time of the Variation meeting to ascertain what they are willing to accept?
 
 

kallis3

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Post by kallis3 » Sat Jul 24, 2010 10:08 pm
I'm not sure about that, I would imagine that you would have to do a new variation.

Hopefully one of the experts will be along to help out.

You should put forward your best offer forward at the outset.
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The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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silverlining

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Post by silverlining » Sat Jul 24, 2010 10:19 pm
My understanding is that you have to be available by telephone at the time of your variation meeting, in case your creditors want to make modifications to your new proposal. So I imagine a negotiation process can take place. No variation can be made without your consent, so you definitely still have a voice.
Good luck!
 
 

MelanieGiles

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Post by MelanieGiles » Sat Jul 24, 2010 10:30 pm
You should put your best offer forward, but there is still a 14 day adjournment period available to renegotiate should this be necessary.
Regards, Melanie Giles, Insolvency Practitioner
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