settlement accepted

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abcdefgh

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Post by abcdefgh » Thu Feb 19, 2009 4:49 pm
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I have just been telephoned by my IVA provider to say that my offer for settlement (out of a redundancy package) has been accepted by my creditors in a final meeting, thus finishing my IVA 2 years early.

I have been in debt from the day I graduated in 1993. Trying to pay this off on my own and rid myself of this burden has governed everything personally and professionally all my adult life. I reached the very bottom in terms of pessimism about my future and genuinely never thought I would ever see a day when I was debt free. So don't give up and I hope all those in financial difficulties find a successful resolution.

I am not writing this message to sound smug when so many people are still facing an uphill battle. I just wanted to thank everyone who has offered me advice on this forum (it has proved very valuable) and to wish people on here the best of luck.
Last edited by abcdefgh on Thu Feb 19, 2009 5:01 pm, edited 1 time in total.
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kallis3

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Post by kallis3 » Thu Feb 19, 2009 4:52 pm
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That is fantastic news, I am so pleased for you.

Good luck for the (debt free) future!
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
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plasticdaft

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Post by plasticdaft » Thu Feb 19, 2009 4:56 pm
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All the best abcdefg.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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Dazza6

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Post by Dazza6 » Thu Feb 19, 2009 5:58 pm
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Hi abcdefg. Thats good news. Who were your creditors and in the end what p/3 did you pay back.
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moretolife

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Post by moretolife » Thu Feb 19, 2009 7:00 pm
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good news/.....well done for getting there early
IVA completed 11th Dec 2009 due to a Full and Final with the fantastic help of Michael Peoples and
Mc Cambridge Duffy

Visit my blog...Journey from Debt to Life Post IVA
http://moretolife.blogs.iva.co.uk
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MelanieGiles

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Post by MelanieGiles » Thu Feb 19, 2009 7:15 pm
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A lovely story which will bring hope to lots of other people starting out on their debt freedom journey.

Best of luck for the future!
Regards, Melanie Giles, Insolvency Practitioner
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David Mond

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Post by David Mond » Fri Feb 20, 2009 1:39 pm
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Also who was your IVA provider?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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llj

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Post by llj » Tue Feb 24, 2009 11:10 pm
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hi

that was lovely to read and all the best to you for the future hope all goes well for you [:)]
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flumpy dog

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Post by flumpy dog » Wed Feb 25, 2009 9:00 am
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aw well done and best wishes for your future x
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bristol gary

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Post by bristol gary » Wed Apr 15, 2009 7:38 pm
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hi what percentage of debt did your lumpsum cover.
my sister is thinking of giving me a hand thanks
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MelanieGiles

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Post by MelanieGiles » Wed Apr 15, 2009 8:02 pm
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Ask your IP to work out a settlement figure for you based upon the original dividend pledged to your creditors - and then see if your sister could fund an offer. Some IPs will tell you to offer a lesser sum, but at the end of the day you need to make the offer as attractive as possible to warrant acceptance.
Regards, Melanie Giles, Insolvency Practitioner
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