www.iva.co.uk

Hi, Im new on here and just after some advise. I am currently setting up an IVA and a meeting has been arranged for the 2nd March with all the creditors. I was just wondering if there are any creditors which are known for saying No to the IVA proposal?
Its all becoming real now, and im worrying a little.

Thanks in advance

I don't think there are any real ogres these days, as many creditors are represented by firms like The Insolvency Exchange (TiX) and Max Recovery.

HMRC can be awkward if they are a majority voter and might extend the term or increase payments. Northern Rock (NRAM) will also try to extend the term ( and often have the clout to do so).

Thanks for your reply. Lloyds are the main creditor on my proposal with overdraft, loan & credit card.

Amex refused mine and I understand they are still not that easy to deal with.

MBNA refused mine but were out voted.

Hi

Lloyds are not known for rejecting IVAs

Regards

As far as I am aware no-one refused ours but both MBNA and Amex were involved (with the latter one of the nicest organisations to deal with as we started everything).

Forgot to say, Lloyds was a creditor of mine too and they voted yes.

The only awkward one I had in the bad old days was Northern Rock

Hmrc and barclays did not take anything from my iva arrangement.

Sounds positive then, fingers crossed for the 2nd March. Just a Waiting game now.
Thanks Guys

Lloyds and MBNA were my main creditors and both voted yes back in November. Good Luck!

I had Lloyd's and MBNA as creditors and they both agreed to the IVA .

And me

as above, both Lloyds and mbna which were my main creditors and both said to my ive and when I put in my ff offers. good luck for the 2nd sure your be ok.