Final Settlement Meeting TODAY!

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superted

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Post by superted » Mon Apr 27, 2020 11:28 am
Hi all my final settlement meeting was 10:05am this morning when will i hear the outcome on whether it been accepted or rejected.

Foggy

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Post by Foggy » Mon Apr 27, 2020 12:09 pm
Most times you should hear within an hour or two of the meeting time --- oftentimes you need to chase them up, these days. I would be giving them a ring.
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

kallis3

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Post by kallis3 » Mon Apr 27, 2020 12:16 pm
Hope it's gone 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

superted

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Post by superted » Mon Apr 27, 2020 12:51 pm
Hi all just heard from creditfix unfortunately they have rejected our offer gutted..

Foggy

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Post by Foggy » Mon Apr 27, 2020 1:37 pm
Mon Apr 27, 2020 12:51 pmsuperted wrote:
Hi all just heard from creditfix unfortunately they have rejected our offer gutted..
Ask them for a report; who voted ( and how) and why, specifically, was it rejected. Was it refused outright -- or has the meeting been adjourned for re-consideration ?
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

superted

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Joined: Thu Mar 12, 2020 2:41 pm

Post by superted » Mon Apr 27, 2020 2:05 pm
This is the email i had...

Your creditors have provisionally rejected the variation meeting for full and final offer. The reason they have put forward is that they will receive more if the IVA is allowed to continue, as you will make more contributions. The remaining balance as contributions into the IVA is £7,614.00, and the offer made is £6,000.

Foggy

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Post by Foggy » Mon Apr 27, 2020 2:11 pm
Hmmm --- they might also have their eyes on the bonus ( if they have been made aware of this) as this would be in excess of the £7.6k CF quote as outstanding payments.
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

superted

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Post by superted » Mon Apr 27, 2020 2:39 pm
They are not currently aware of the bonus i have gone back with £6,500.

Foggy

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Post by Foggy » Mon Apr 27, 2020 2:47 pm
Mon Apr 27, 2020 2:39 pmsuperted wrote:
They are not currently aware of the bonus i have gone back with £6,500.
Good luck -- normally that would be a good offer. I suspect CF are doing you no favours.
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

superted

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Joined: Thu Mar 12, 2020 2:41 pm

Post by superted » Mon Apr 27, 2020 2:50 pm
yeah thought it was a decent offer will let you know what they say.

kallis3

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Post by kallis3 » Mon Apr 27, 2020 6:35 pm
Sorry it was rejected - hopefully this one will be accepted.
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

plasticdaft

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Post by plasticdaft » Tue Apr 28, 2020 10:21 am
Good luck with the new offer.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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