can any one offer advice

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jonesy

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Post by jonesy » Sat Mar 17, 2007 8:55 pm
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hello
i am just about to start the process of tryng to enter into an iva my current debt is around £34,000 and my main creditors are barlcays and egg. i have reading up on iva's and have noticed that alot of iva's are being declined. can any one offer advice to ensure that mine is accepted. i have already opened a basic account and my iva consultants has worked out that i can repay approx £6OO per month to my creditors. also have to write a letter aboout my current debt situtation can anyone offer advice on that as well. many thanks
jonesy
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Aaron_

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Post by Aaron_ » Sat Mar 17, 2007 11:15 pm
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Hi, first of all if your paying £600 a month this will equate to £36,000 over the 5 years so more than you owe now. If you're 100% sure an IVA is for you then I don't see why an IVA would be rejected as I guess the return will be near the 100% less whatever your IP is charging. I would say hoepfully your IP is dealing on a no win no fee basis just in case it fails, that way you don't lose out.
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MelanieGiles

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Post by MelanieGiles » Mon Mar 19, 2007 12:07 am
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This has been answered on another post

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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