www.iva.co.uk

DFD are sending me my iva proposal to sign and return. when they get it back do they then arrange creditors meeting or simply write to them with the draft proposal?

They will do both Mark.

They will draft a proposal and set a creditor's meeting. They will likely contact you once the date has been set.

Just a suggestion - but when I first received my proposal my initial reaction was to sign it and get it in the post 5 minutes later.

Reason got the better of me and I read through everything thoroughly and then slept on it (not literally!!!) to give me a chance to make sure that I had understood it and to make sure that I had everything clear in my mind.

My proposal was accurate and clearly worded and I was perfectly happy with it. I sent it back the nex day. Its such an important document though that I think its vital to make sure you are completely happy with it. And - looking further down the road - if you get Modifications at your Creditors meeting - do take some time to take them in as they are really important too.

Good Luck!!!!

thanks for the advice

Some great advice from Optimist, you do not have to sign the document straight away and send it back. I think it is good to throughly go through your proposal so then there are no suprises.

Best of luck with your IVA.

Great advice from Optimist.
Mark you need to go into this with your eyes wide open, so read it line by line and make sure you understand all your obligations. If you don't understand anything, ask DFD what it means. This is your golden opportunity to have some input into the proposal.

Ian