Our wait is almost over, our meeting is on Weds 23rd at 10am.
The emotions are too much at the moment and I cannot stop thinking that our creditors will reject.....and then we will be made bankrupt.
Our biggest creditors are Barclays, Tesco and MBNA. All hold enough clout that if they reject then that'll be it.
We are offering 44p in the £.
I've been on this forum (massive support) since our journey started and have read lots of posts about others success in their IVA being approved. Not so many re rejections.
I guess I would like some comfort from others who have experienced these creditors....and also some advice if they reject.....is it straight to bankruptcy OR do we have an opportunity to submit another IVA PROPOSAL with another company?
The only thing that happened in my meeting was that they wanted to change the IPs fees so the creditors get more money, which I was told is common practice and doesn't affect your payments.
I just wanted to let you know I will be thinking of you this morning...everything is crossed...and although I don't have experience of any of your creditors, I am sure it will all be ok.
A couple of weeks ago we were in the same position as you, waiting on the results of the creditors meeting....and when I got the call to say the main one (who we had been warned a few days before was notoriously difficult) had rejected it, I felt as though I was going to collapse - the strain and nerves at that stage are all too much. Plus I could find so few stories of people who had also been through that stage of what to do next - everything I was found seemed to be about successful IVA's accepted at the first meeting,
BUT fast forward a couple of weeks, a few modifications were made, a slight addition to the monthly amount and it was all accepted - we have just made our first payment!
I have no doubt all will be good for you (please do let us all know)....and while it feels like such an isolating lonely experience when you are going through this initial stage, as everyone else who has commented has demonstrated, please know you are not alone.
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