Wooooh!!!! Approved

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fusion

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Post by fusion » Fri Feb 08, 2008 4:22 pm
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jo.a wrote:

hi ..fusion .. how long did it take your iva to process ...tnx ..
I telephoned on 29th December. So it took a day under 6 weeks. [:)]
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cr15py

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Post by cr15py » Fri Feb 08, 2008 4:47 pm
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Well done fusion!! [:)]
Chris
Visit my blog at http://cr15py.blogs.iva.co.uk
16 down, 44 to go!!
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fusion

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Post by fusion » Fri Feb 08, 2008 7:31 pm
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thanks again all.

the vodka bottle is open now!
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Adam Davies

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Post by Adam Davies » Fri Feb 08, 2008 9:36 pm
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Hi
Well done and please post details of voting when you can.
Regards
Andam Davies
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Jinx

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Post by Jinx » Sun Feb 10, 2008 11:21 am
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Do many applications get rejected? so far most people seem to do ok out of the proposals?

Congratulations by the way!
its a marathon not a sprint!

I'm out of my mind but please leave a message!
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MelanieGiles

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Post by MelanieGiles » Sun Feb 10, 2008 11:36 am
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Hi jinx

Less than 20% of all IVAs presented are rejected by creditors, and with the new IVA protocol launched on 1 February 2008 we suspect that these numbers will reduce even further.
Regards, Melanie Giles, Insolvency Practitioner
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Jinx

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Post by Jinx » Sun Feb 10, 2008 11:43 am
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Do you think thats because the proposals are being done properly or because the creditors prefer them to the other options?
its a marathon not a sprint!

I'm out of my mind but please leave a message!
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MelanieGiles

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Post by MelanieGiles » Sun Feb 10, 2008 11:49 am
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I would say that it is because trust is being restored amongst the debt and lending professions, and that both now have a better understanding of each others modes of operation and requirements.
Regards, Melanie Giles, Insolvency Practitioner
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fusion

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Post by fusion » Tue Feb 12, 2008 8:18 am
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Lloyds TSB still applying charges to my account I see this morning.

I guess I don't need to worry about this and just need to wait for them to realise I'm in an IVA? Even though the meeting was on Friday? :-)
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MelanieGiles

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Post by MelanieGiles » Tue Feb 12, 2008 8:29 am
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Any post-IVA charges levied by the bank will not be included in the amount they are allowed to claim for dividend purposes. They are probably still updating their systems following the acceptance of your IVA so nothing really to worry about.
Regards, Melanie Giles, Insolvency Practitioner
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fusion

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Post by fusion » Tue Feb 12, 2008 8:32 am
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thanks for the speedy response Melanie.

I guess I'm used to finding something to worry about before I had an IVA, but feel so much better now it's all agreed.
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fusion

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Post by fusion » Mon Mar 03, 2008 6:40 pm
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sorry, just remembered I never posted the results of the creditors meeting:

Capital One: no
MBNA: yes
Tesco: yes
Lloyds TSB: yes
Sainsburys Bank@ yes

This worked out at about 81%.

Feeling much more positive now, but struggling a little bit for a couple of weeks, as I had to fork out for car tax.
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sblack

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Post by sblack » Mon Mar 03, 2008 7:01 pm
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Hi,
Can I please ask what percentage of the debt each company have.
Thank you
"Life is too short to wake up in the morning with regrets. So love the people who treat you right, forget about the ones who don’t and believe that everything happens for a reason. If you get a chance, take it. If it changes your life, let it. Nobody said that it’d be easy, they just promised it would be worth it."
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iva.com

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Post by iva.com » Mon Mar 10, 2008 4:48 pm
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Hi Fusion, Great news about your IVA approval and good luck for the future. I would like to ask you to review your experience of your IVA provider on our web site when you are under way.

Many thanks
Susan Macdonald
IVA.com - The IVA Comparison Site
100s of reviews, All IPs and IVA firms rated.

Use our IVA firm comparison tool to find best IVA firm for you:
http://www.iva.com/iva_comparison_1.asp
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