www.iva.co.uk

Posted: **Wed Nov 07, 2012 11:27 pm**

I'm really nervous about my creditors meeting on 12/11/12. I can only offer 16p to the pound and I'm worried it won't get accepted. I have faith in Payplan who I have chosen and I have Nick Payne as my IP.

My main creditor is Barclaycard who are using Grant Thornton IVA Watch, (they appear to be deciding against my Barclay loan, Yorkshire bank overdraft and my Northern Rock Loan) what is the likely hood of them accepting?

What would happen if my IVA wasn't accepted?

Posted: **Wed Nov 07, 2012 11:46 pm**

Hi Coleen - it is natural to feel worried and nervous before the creditors meeting. I don't think I slept the night before.

Nick will have put the best offer forward. Creditors will look at the evidence and accept the IVA if this is all you can afford to pay.

We offered 17p in the £. What will happen is if any creditors ask for a modification your IP will either email or ring you to discuss immediately. GT voted for Barclaycard and I believe Capital 1 for both of us. They asked for a modification on our smoking allowance which we were able to agree immediately so the IVA was approved.

Sometimes you will need time to consider the modification but I bet your IVA will be approved ok!

Please let us know how it went - Good Luck

Posted: **Wed Nov 07, 2012 11:50 pm**

You will be fine Coleen - your IP would not be putting this forward if they did not think it would be accepted.

Barclaycard voted for me. How do you know that they are going to be voting against you?

Posted: **Wed Nov 07, 2012 11:51 pm**

Nick is a brilliant IP and you are in very safe hands. Keep your faith in him, and he will see you on the home run. Best of luck and do let us know how you get on.

GT are very fair and sensible voters, and whilst they do have to abide by directions from their clients, as IPs themselves they absolutely understand what will work and what will not work.

Posted: **Thu Nov 08, 2012 8:52 am**

Good luck for the 12th try and relax and let your IP do the work at this stage. x

Posted: **Thu Nov 08, 2012 10:07 am**

All the best from me Colleen, soon be over and I look forward to reading from you that it is all approved, shouldn't be long now hang in there!
Oscar

Posted: **Thu Nov 08, 2012 10:17 am**

Gooduck for the 12th. Not long to wait now.

Posted: **Thu Nov 08, 2012 7:33 pm**

Thank you everyone, I will let you know how I get on.

These forums have been invaluable and have really helped me. I can't wait for the restful nights sleep to begin x

Posted: **Thu Nov 08, 2012 7:47 pm**

Good luck for the 12th. Try to have a restful weekend and don't dwell on the meeting -- easy to say ... hard to do.

Posted: **Thu Nov 08, 2012 7:54 pm**

Good Luck Coleen. I am just 2 days after you - me and my wife - both meetings on 14th.

Posted: **Thu Nov 08, 2012 7:55 pm**

Glad you're finding the forum helpful do keep posting x

Posted: **Thu Nov 08, 2012 8:27 pm**

Hi
Dont worry as people will tell you Not easy to do but you are nearly there now They dont go through the setting up of the IVA if they are not pretty sure it will be accepted Its not a massive decision on their part just a few faxes and you get your phone call
If you dont get accepted you can come here and get my butt !!

you will be fine

Posted: **Mon Nov 12, 2012 5:06 pm**

Hi Colleen. How did it go? Restful nights sleep coming up I hope

Posted: **Mon Nov 12, 2012 5:21 pm**

Hope it went ok Colleen!

Posted: **Mon Nov 12, 2012 5:41 pm**

Looking in for an update, hope it went positively for you x