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Posted: Tue Aug 16, 2011 1:30 pm
by nicmc
Hi I have been advised of the date of my creditors meeting and wanted to know how soon after this date my first payment would be due should my proposals be accepted by my creditors?
Posted: Tue Aug 16, 2011 1:41 pm
by FormerlyST1100
Mine was a few days after my next payday.
My IVA was agreed on the 3rd August and my first payment was taken out on the 1st September.
Posted: Tue Aug 16, 2011 2:00 pm
by kazzafunk
I think you can have up to 28 days. My letter regarding creditors meeting said 1st payment had to be received before the meeting but I rang and negotiated it to be received on payday.
Posted: Tue Aug 16, 2011 2:09 pm
by No_Money
Paid on the day, figured the sooner I start the sooner I finish!
Posted: Tue Aug 16, 2011 2:28 pm
by kallis3
I wasnt able to pay mine beforehand as I had no way of doing so. Straight afterwards though I set up the standing order to coincide with payday which was two weeks later. You do have 28 days normally though.
Posted: Tue Aug 16, 2011 3:14 pm
by nicmc
Hi
Thank you for your feedback. Am counting down to creditors meeting - felling very nervous and just hoping all will be okay.
Posted: Tue Aug 16, 2011 3:17 pm
by kazzafunk
When is your meeting date and time? We can then all do the waiting with you![:)]
Posted: Tue Aug 16, 2011 4:13 pm
by MRBLUESKY
My IVA was accepted in dec and my payments started end of Jan.
Posted: Tue Aug 16, 2011 5:03 pm
by relieved33
Ours was accepted mid July and payments started 1st August.
Posted: Fri Aug 19, 2011 10:17 am
by nicmc
Hi thatns for the feedback. My meeting is on Monday 22 August @ 11.40am (am so nervous!). Was reading thorugh my paperwork last night and they actually want me to make my first payment on the day if all agreed. Unfortunately I do not get paid until 25th of each month. So will have to contact them to advise of this. Nicola
Posted: Fri Aug 19, 2011 10:22 am
by kallis3
I'm sure that will be fine Nicola - we were supposed to do that but couldn't. Just let them know it will be a few days afterwards.
Posted: Fri Aug 19, 2011 10:45 am
by littlefi
I'm sure they will be fine about setting a payment date! I paid my first payment the day it was accepted but I wanted to and had the money in the bank so figured sooner started sooner finished!
Good luck with your meeting, you will be nervous as we all are but I'm sure you'll be fine
Posted: Fri Aug 19, 2011 10:47 am
by kallis3
I planned mine around payday but could not have paid it on the day anyway as I had no debit card or cheque book.
Posted: Fri Aug 19, 2011 1:31 pm
by susieq73
Mine was approved on 31st March and I made my first payment on 30th April as I get paid on 28th of the month. I was told I had to make first payment within 30 days which was why i waited till next payday.
Posted: Fri Aug 19, 2011 9:07 pm
by Rod Newman
Hope all goes well for you on Monday Nicola, I will keep everything that's crossable crossed for you! Let us know how you get on.