Just going over proposal before signing but need advice. Is it usual for balances to be slightly inflated? I work out my total outstanding is £1600 less than stated in paperwork?
Also my partners wage is stated as less than i advised them, but i think that is offset by them undervaluing her credit commitments also.
Just concerned as my wife banks with one of my creditors and so be easy for them to look at her incoming. At end of day im meant to be signing that its all accurate.
Balances are often slightly adrift and will change again as interest is added up until the meeting date. Has the wife's salary been averaged out ? (Does she get paid 4 weekly, rather than monthly) ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Before you sign query this with your IP company so you can make sure everything is ok.
Sharing from experiences of dealing with debt
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.
Bob Marley. http://kallis3.blogs.iva.co.uk
Yeah iv sent email off. Just want to ensure everything is done right before i sign it. Dread to think how il feel on day of meeting as alternative options arent worth thinking about
As soon as you sign and send it back (make sure you are totally happy) they will sort a date out and let you know.
Sharing from experiences of dealing with debt
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.
Bob Marley. http://kallis3.blogs.iva.co.uk
About 3 of mine didn't even vote but had to go with the majority. They will work out it's more than they would get through bankruptcy. It's such a stressful time.....Mine only accepted few weeks ago and was a very low payment so am sure you will be fine. Let us know how you get on.
Johng79 wrote:Think i need 6 out of 8 creditors to agree. Seems a hell of a lot lol
You need 75% by value, of those who vote, to say yes. So, if only one votes and it is a yes -- the IVA goes through. If one votes and says no, the IP will adjourn the meeting and canvass the others until enough vote to get a definitive answer (hopefully a yes).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
