Full and Final offer submitted

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joniva

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Post by joniva » Fri May 10, 2013 2:01 pm
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I have just called Grant Thornton and given my Full and Final offer to end my IVA.
Variation meeting scheduled for next Thursday!!

I am very nervous!!
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Kelly O

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Post by Kelly O » Fri May 10, 2013 2:27 pm
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Good luck Joniva, we will be keeping everything crossed for you :-)

Let us know how you get on
Regards Kelly Osadare Debt Advice Manager at www.pjgrecovery.com (host to www.melaniegiles.com.)

PJG Recovery have a free online advice channel at www.debtadvicetv.com. If you are ready to ask us for specific advice or help, then get in touch at www.pjgrecovery.com/contact-us.asp . I look forward to speaking to you.
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joniva

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Post by joniva » Fri May 10, 2013 2:56 pm
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Thanks Kelly, will keep the forum posted [:)]
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Michael Peoples

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Post by Michael Peoples » Fri May 10, 2013 3:04 pm
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They must be calling you next week to discuss the variation as it would be impossible to go to creditors in less than a week.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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joniva

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Post by joniva » Fri May 10, 2013 3:16 pm
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Yes you are right Michael. The call is with GT variations team to go through I&E before going to creditors
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joniva

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Post by joniva » Mon May 20, 2013 9:03 am
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Well, I had my variations meeting on Thursday which was a 45 minute telephone call with my IP to go through I&E.
The F&F offer amount was submitted, and the IP confirmed that it was a good offer and they couldn't see creditors rejecting it - veru nice to hear!

Had to email my latest pay slip and a letter from the third party offering the money, then its onto the next step...

Stage 1 (variations meeting) complete

IP will now contact all creditors with the offer and arrange the meeting for them all to vote accept or reject. I have been told this can take up to 3 months to arrange and I will need to carry on paying my monthly amount.
I was also told that the PPI claim process wont be a problem if I sign a 'Mass Variation Form' which is being posted out to me. This wont delay the completion certficate being issued.

Probably wont hear from my IP for a while then, but at least the ball is now rolling!!
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lisap3

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Post by lisap3 » Mon May 20, 2013 9:33 am
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Good luck, keep us posted :)
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Shining

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Post by Shining » Mon May 20, 2013 10:20 am
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Good luck from myself too.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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Pedro25

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Post by Pedro25 » Mon May 20, 2013 10:49 am
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If they reject go back to them. GT told me the same then. GT rejected but went back to them and have today been accepted. Good luck
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MelanieGiles

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Post by MelanieGiles » Tue May 21, 2013 1:07 am
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If they are varying the terms of the proposal anyway, why do they need to call another meeting to deal with the Mass Variation. Doesn't make sense, and they should consolidate the two processes in the one meeting if they deem both processes are relevant to your case.
Regards, Melanie Giles, Insolvency Practitioner
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joniva

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Post by joniva » Tue May 21, 2013 8:58 am
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Hi Melanie,
Not sure they are organising a meeting for mass variation....I was just tiold that they would send me a form to sign which allows me to get my CC without delay of the PPI claims being undertaken by EIC.
The meeting they mentioned was for creditors to vote on the F&F
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joniva

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Post by joniva » Tue Jun 04, 2013 4:26 pm
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Its been nearly 3 weeks since submitting my F&F offer to GT but haven't heard anything yet regarding whether the creditors have agreed....how long does this normally take?
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MelanieGiles

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Post by MelanieGiles » Wed Jun 05, 2013 12:45 am
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I think that only GT can answer that one joniva. Have you tried calling them recently for an update?
Regards, Melanie Giles, Insolvency Practitioner
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joniva

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Post by joniva » Fri Jul 19, 2013 2:21 pm
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Creditor meeting happened yesterday to agree the F&F.
It has been accepted!! [:D]
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Foggy

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Post by Foggy » Fri Jul 19, 2013 2:38 pm
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Congratulations :-) Let's hope the CC follows sometime this year :-)
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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