www.iva.co.uk

sorry all back onto this again i cant get my head around it .when the ip says he needs to check the claims logged for a settement figure does he look for the creditors that have asked for a share and add this up?and if the others havent claimed and i offered the settlement figure for the claims that are logged then they would accept?for instance if i owed 25,000 and 20,000 have been claimed then if i offered 20,000 the ones who have claimed will surely accept ?or am i talking pure gibberish?[:I]

Your offer will be rejected or accepted based on results of creditors that bother to vote.
Your IP will then try to contact the creditors who havent claimed yet and try to get them to do so.
They will be given a certain ammount of time and if they still havent claimed then they will be excluded from recieving a dividend and the other creditors get slightly higher.

and once accepted what happens if those creditors that didn't claim decide to in a few months time ? IS it too late or are we still liable for our debts?

Hi
Once the IVA is concluded after your full and final any outstanding creditors will be null and void,as long as they were listed in your original proposal
Regards

There would be no come-back. In hubbys chairmans report which was sent to ALL creditors, it stated that if they havent proved a claim in xxx ammount of time and the IVA was concluded then legally they are not allowed to contact hubby again regarding the debt.