www.iva.co.uk

hi
any ideas how long it may take until the meeting/voting of the creditors is set up?
i've sent the signed proposal back to my IP almost a month ago and still nothing happened yet

Hi Joe - that's a bit strange, usually the delay is caused by the production/agreement of the proposals. As you have already approved this I would have expected the meeting to have been called as soon as they received the signed documents back from you and would have expected the meeting to have been held already and outcome known. Suggest you chase up your IP and find out what's causing the delay.

If in doubt you might want to consider using another IP!

thanks for your reply
i ve sent back the signed proposal on 3.5. with recorded delivery so it must been delivered by 5.5.
just minute ago I ve contacted my ip and his response was:
Out of the office until Wednesday.
Nothing to be worried about but I'll fully update you later in the week.

I m quite worried as I am 2 months behind with all the payments and creditors keep calling every day

I can only advise you to chase the IP firm up - why don't you give them a call?

I agree - keep pressing them or chose a different firm. Your creditors will keep pressing you but you can chose to ignore the calls, tell them you are proposing an IVA or change your number.

Which company are you going with?

i found this IP on www.gov.uk so he should be ok

Which company is it?

But why aren't they keeping you informed?

The meeting of creditors is on the 31st of this month at this office.
All creditors were properly notified on 13 May.
Ignore the phone calls and redirect them to this office.
There is no need for you to attend but make sure you are contactable.

seems ok. now good luck to me

Good luck!!

thanks a lot
i owe 26 000 and offering 300 a month (43p for each pound owed)
hope the creditors gonna be reasonable
as i have nothing to lose really, if they refuse I'll go bankrupt which gonna give them 4p for each pound owed
it's their call just wonder what they gonna choose

I am sure everything will be ok.

Seems a reasonable dividend

guys any idea what happens next once the iva is finished? i know they probably ask for a year extension but even after that i still ain't gonna pay them all the debt obviously
what happens to the rest of the debt?

It gets written off ... credit files eventually clear and all is right with the world !