Domesday tomorrow !

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Colin351973

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Post by Colin351973 » Thu Feb 27, 2020 5:50 pm
Hi all thanks for this very valuable site that all of you have been in this position .Well its make or break day finally for me tommorrow creditors meeting 10am in morning il be anxiously clutching my phone with sweaty palms awaiting the outcome I will keep you all posted vanguard have advised me to keep my phone with me at all times this is more nerve wracking than my driving test 30 years ago lol.If its rejected im going to consider bankruptcy but it will be a lot less to them than my 32 pence in the pound dividend im offering is it normal to be so nervous omg .Keep your fingers crossed for me il advise of the outcome ! :( :roll:

kallis3

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Post by kallis3 » Thu Feb 27, 2020 5:51 pm
It is normal to be nervous but I'm sure you will be ok.
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

Colin351973

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Post by Colin351973 » Thu Feb 27, 2020 5:55 pm
If it fails is there anyway of changing the decision around with modifications etc or will it be an instant yes or no I know a lot depends on my majority creditor barclaycard 13000 and first direct 7000 I am trying to distract myself from the anxiety of what tomorrows outcome will be for me I hope vanguard will try there best for me !

kallis3

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Post by kallis3 » Thu Feb 27, 2020 5:58 pm
You will have to wait and see if there are any modifications.
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

Foggy

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Post by Foggy » Thu Feb 27, 2020 5:59 pm
Domesday was a momentous time, but it all worked out in the end (sort of) . Try not to dwell, it will be nerve wracking, but there is nothing you can do, now, but wait. Everything that can be done, has been done.

If any creditors vote to fail and get the majority, what can be done depends on their reasons to fail. Sometimes things can be changed by altering expenses, increasing the payment or extending the term.

Best of luck for tomorrow.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Marty171

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Post by Marty171 » Thu Feb 27, 2020 7:26 pm
its normal to be nervous i certainly was, i was with vanguard too and they were no bother the full time of my IVA.

fingers crossed for you tomorrow
IVA Started 07/07/2017
F & F Accepted 06/09/2019
Completion Certificate 16/12/2019

Colin351973

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Post by Colin351973 » Thu Feb 27, 2020 7:36 pm
Thankyou foggy kallis and marty you have all really helped me so much And I will keep in touch with this forum this time tomorrow I will hopefully know where I stand for the next 5 years I will put the lavender oil on my pillow for a good nights sleep iv to be mentally strong for tomorrow whatever the outcome Il let you know the outcome night all .

luluj

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Post by luluj » Thu Feb 27, 2020 9:04 pm
Got my fingers and toes crossed for you xx
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"

abbiesmum2003

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Post by abbiesmum2003 » Thu Feb 27, 2020 11:13 pm
Hi Colin
Weve all been there and yes the anxiety is very real!
Hope you get some sleep tonight and the iva goes through smoothly tomorrow.
Let us know.

Mrs_Brown

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Post by Mrs_Brown » Fri Feb 28, 2020 6:41 am
Thu Feb 27, 2020 5:55 pmColin351973 wrote:
If it fails is there anyway of changing the decision around with modifications etc or will it be an instant yes or no I know a lot depends on my majority creditor barclaycard 13000 and first direct 7000 I am trying to distract myself from the anxiety of what tomorrows outcome will be for me I hope vanguard will try there best for me !
They were both amongst my larger creditors, 9k on both I think. I don't recall any amendments from them that affected me, the only modifications requested on mine were around maximum fees and the banks had used standard replies as my IP pointed out the fees they charged were already lower. My IP had got it at 76% agreeing and the last percentage was from MBNA which had something a bit different requested. The UP asked me to refuse to modify, it kept my votes at 76% and meant one tweak to their fees wasn't needed. At the time I was a bit oblivious to the meaning of it all, I just wanted the stress to go away and now 2 and half years later, I still feel its the best move I ever made. My only regret was struggling for a year taking on extra hours to try and make ends meet. Fingers crossed for today. My call was also 10am on a Friday morning :)

C4Picasso

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Post by C4Picasso » Fri Feb 28, 2020 8:19 am
Good luck with today. A 32p/£ dividend is healthy. Take heart. My proposal was accepted at 16p/£. Yes the anxiety was almost overwhelming but there is nothing more you can do now until you get the call/email.

Colin351973

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Post by Colin351973 » Fri Feb 28, 2020 2:35 pm
Well after an anxious mornings wait im pleased to advise my iva has been accepted ! Phew vanguard have been so good so far .Slight modification they wanted proof of my energy bill payments and try to get a cheaper deal but im only paying 69.00 per month roughley anyway and as vanguard said thats low anyway maybe they have to show they are doing something .As I pay my energy payments through my landlady then this should not pose a big problem just relieved it is sorted.Now to start down the iva 5 year journey .At least im legally protected iv just set up my first payment to vanguard starting next friday thanks everyone !
:D

kallis3

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Post by kallis3 » Fri Feb 28, 2020 2:40 pm
Brilliant news! Really pleased for you.
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

Foggy

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Post by Foggy » Fri Feb 28, 2020 2:49 pm
Great news ---- you can relax a little now.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Colin351973

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Joined: Thu Jan 30, 2020 5:18 pm

Post by Colin351973 » Fri Feb 28, 2020 4:15 pm
Yes its a great relief il not have to put in as many hours overtime now just to pay off my debts they have said to expect creditors chasing roughley for the next 3 to six weeks but to forward any legal letters I may receive immediatley .Vanguard have said there will be minimal contact from them apart from the annual review but will be there in the background if I run into any problems iv been happy with there service so far . :lol:
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