Full & Final variation accepted!

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Post by silverlining » Fri Jul 23, 2010 12:40 pm
Hello All,
I promised to let you all know what happened. As I explained before, having paid into my IVA for 4 years, as I approached my annual review last month, my circumstances changed. I took a big drop in income, through circumstances beyond my control and could no longer afford the payments.I was at my wits end with worry and came here for information and advice. It was here that I found out that one option might be to ask for a variation on my IVA and request my creditors accept the four years of payments as full and final settlement. A meeting had to be set up and I had to be available by telephone. As the day arrived my stomach was in knots waiting for the phone call. It arrived and I heard the magic words- your creditors have accepted your proposal!WOW! It will take 4-6 weeks to finalise, but I cannot even begin to express my relief. My sincere gratitude to all who informed,advised and supported me. This site is an absolute godsend.
For those of you embarking upon or still on this journey I wish you the very best of luck and be sure that whatever your worry or question there is always someone here to help!


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Post by kallis3 » Fri Jul 23, 2010 12:41 pm
Excellent news! So 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.

Tina Shortland

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Post by Tina Shortland » Fri Jul 23, 2010 12:43 pm
Fantastic news silverlining - you must be so relieved.

Best wishes moving forward.

Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.

If you’re looking for effective debt related information, articles and news, then go now to our on-line advice service at www.debtadvicetv.com

If you’re ready to ask us for specific advice or help, then get in touch at www.call-me.debtadvicetv.com so you can start to free yourself from the stress and anxiety of overwhelming debt.

Michael Peoples

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Post by Michael Peoples » Fri Jul 23, 2010 12:43 pm
Brilliant news and well done to your IP. It is also good to see creditors are realistic and intention to repay counts for a lot.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com


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Post by raqia » Fri Jul 23, 2010 1:01 pm
I am so happy for you as I am still waiting to hear about my full and final settlement, and wish you all the best


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Post by SometimesTina » Fri Jul 23, 2010 2:55 pm
That is brilliant my friend. Well done you!
Best Wishes,
Tina x

Even trannies get in debt


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Post by Skippy » Fri Jul 23, 2010 2:57 pm
Congratulations and good luck for the future x


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Post by MRBLUESKY » Fri Jul 23, 2010 4:46 pm
thats really good news silverlining well done.


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Post by L-E-E » Fri Jul 23, 2010 5:02 pm
It’s always good to hear people’s success stories. I have yet to come across any other forum where this is the case! Congratulations Silverlining!!!!!!


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Post by silverlining » Fri Jul 23, 2010 5:47 pm
Thank you all so very much for your good wishes. I could not have got through this without you. Not only those who give their advice and support but all those who are willing to share their stories. I have learned so much that has been extremely helpful just by reading other people's experiences. You can learn so much here to help you navigate through overwhelming debt to recovery!
Bless you all for your kindness!


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Post by Goosed » Fri Jul 23, 2010 6:14 pm
Brilliant news, what a relief for you...Good luck for the future silverlining.
"When the seagulls follow the trawler, it is because they think sardines will be thrown into the sea".

Eric Cantona
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