likelyhood there is of my Iva being accepted?

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LynnC

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Post by LynnC » Thu Feb 14, 2008 9:54 am
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I was wondering what likelyhood there is of my Iva being accepted. I owe to RBS, LLoyds TSB, Alliance and Leicester, Creation finance, Evans storecard.Total 30k. My letter to creditors is being sent out this Friday I gather.Fretting wondering what alternative will be if it doesnt get go ahead. What does debt management scheme involve?I asked Blair Endersby what happened if it didnt succeed and they said that devbt management was double the timescale. Can anybody advise please?
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Jo Rolland

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Post by Jo Rolland » Thu Feb 14, 2008 9:55 am
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What monthly contribution are your offering your creditors and will you have equity to release at a later date?
Jo Rolland
Debt Alternatives
For free, ethical, impartial advice, please visit
www.debtalternatives.co.uk
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MelanieGiles

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Post by MelanieGiles » Thu Feb 14, 2008 12:04 pm
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They are all relatively supportive creditors, and all have signed up to the recently introduced IVA protocol - a voluntary code of conduct agreed between insolvency professionals and the lending industry.

A Debt Management Programme will generally take longer to finalise, as creditors will expect to be repaid in full and there is no guarnatee of them freezing the interest or ceasing legal action against you.
Regards, Melanie Giles, Insolvency Practitioner
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vickir

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Post by vickir » Thu Feb 14, 2008 4:04 pm
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If it helps, Alliance and Leicester voted yes for me x
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