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I have got my meeting on 13th August I am with The Debt people the paper work has been really quick but i have not heard anything from then person who is ment to be helping me. IS this normal?, Also what happens if its refused I am doing a DMP at the min can I carry on with that.

Hi Natalie

Hope you are okay, I haven't really got the answers just wanted to welcome you and say Hi. XX An expert will be along shortly. X

Hi Natalie,

Once you have returned your proposal back to The Debt People they will send a copy of this to your creidtors and have to give anything from 14 - 28 daya notice of the meeting, given we are on the 15th July and your meeting is on the 13th August then i would suggest they are using the maximum notice period of the 28 days.

Very little will happen now, as creditors tend not to vote until a few days before you meeting, so i expect creditors will start to vote 2nd week in August so at this point you should hear something.

Afraid it is a waiting game, but you can always call TDP for an update if you want to know what is going on.

SHould your IVA fail then yes, i suggest you stay with your current DM company if you are happy with the service they have provdided as they already have a plan in place for you and should you choose to change DMP company you are likely to be charged another set up fee.

Good luck, hope it all goes well

No it is not normal to not hear anything. Your IP should have held a formal meeting with you to explain the proposal and the events which then need to occur leading up to the creditors meeting. If this has already happened, the contents of the proposal were fully explained to you and you agreed all of the inclusions then a minimum of 16 days notice is required for the holding of the creditors meeting.

Have you actually met or spoken to you actual IP - or are you just dealing with members of his/her staff?

Melanie, what happens if my proposal fails at the meeting? Will I automatically be made BR or will I have the choice of a DMP? Kazzy x

You will still have those two choices Kazzy - but chin up, we don't lose many!

You'll be fine with Melanie Kazzy!

Natalie,

Our IVA was through The Debt People.I have to say they have been really good with us right from the outset.Even now,as a bankrupt they are still giving us sound advice and are still easily contactable.

In my experience,you're in safe hands.

Good luck!

NSBS
[;)]