Just received confirmation that payments are not to increase for the final stretch of my IVA.
A nice and pleasant thing to hear, even if it was what i kinda expected.
Chairmans report to follow shortly.. THAT is going to be the interesting part. As some of you will know, my year 3 chairmans report stated that no dividends had been made, and about 9 creditors hadn't even made a claim (all of which were the ones the big money was owed to).
As part of the Grant Thornton mass variation, creditors were given 3 months to claim or be barred from claiming.
Can't wait to see what it contains.
Last edited by animaleyes76 on Thu Aug 05, 2010 12:28 pm, edited 1 time in total.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If the creditors dont make a claim what happens then. I am sorry if I seem thick but I though that is you owed them money then they would get paid a part of the money you have paid in.
In the unusual event that a creditor does not claim, their share is divided among the creditors who do claim. The first creditor is therefore out of the IVA but cannot pursue the debtor.
Perhaps if they have been given an ultimatum they have to reply by that time.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If creditors cannot be bothered to claim, then they do not deserve to receive dividends and it is right that their money should be shared amongst the other creditors.
