we have breached the T&C with extra credit

5 posts Page 1 of 1
Post Reply
 
 

PJP

User avatar
Posts: 1
Joined: Mon Oct 29, 2007 7:48 pm
Location:
Post by PJP » Mon Oct 29, 2007 11:47 pm
Quote
Hi
Firstly i would like to say what a great site very informative.

We are 1 year into our IVA with no missed payments.we have breached the T&C by the way of extra credit (stupid i know). we are now worried how the creitors will look at this come the time of the review meeting.
Top
 
 

bagpuss

User avatar
Posts: 380
Joined: Sat Jun 30, 2007 6:46 pm
Location: United Kingdom
Post by bagpuss » Mon Oct 29, 2007 11:54 pm
Quote
Hiya

Do you mind me asking what extra credit you had...?

I cant answer your question im afraid but i am sure someone with more knowledge will be on soon for you.

Angie xx


My IVA Story......http://bagpuss.blogs.iva.co.uk/2007/09/ ... iva-story/
Top
 
 

gavin

User avatar
Posts: 344
Joined: Sun Jul 22, 2007 12:33 pm
Location: United Kingdom
Post by gavin » Mon Oct 29, 2007 11:55 pm
Quote
Hi welcome to the forum. I am not an expert
can Please post more details then an expert will be able to help.



Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Tue Oct 30, 2007 12:03 am
Quote
Who did you take the credit from, how much was borrowed and why was it taken out? This does not mean automatic failure of your IVA, but you will need to show very good reasons for your actions.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
Top
 
 

iva experts

User avatar
Posts: 1271
Joined: Thu Apr 20, 2006 5:31 pm
Location:
Post by iva experts » Tue Oct 30, 2007 5:20 pm
Quote
Hi PJP,

I would contact your I.P as soon as possible to discuss what your options are. Your I.P may be able to hold a variation meeting to include this creditor into the IVA.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/
Best Regards,
Michelle Pontes
IVA Experts
http://www.iva-experts.co.uk/
Top
Post Reply
5 posts Page 1 of 1
Return to “postbag for october”