Help and advise Needed

79 posts Page 6 of 6

 

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Skipper
Posts: 137
by Skipper » Mon Nov 26, 2007 11:05 am
HSBC will be one of the voters(if they vote) as they are tied up with M & S money.They are suppose to insist on a 40p per £ hurdle or something that they wouldn't relax?? Can't recall where I saw that on this forum. But someone with an HSBC debt recently got a YES vote even though there was ,less than 40p in the pot. Best to check with your IP to see what HSBC's acceptance criterias are. Apart from them I can't see any other problems with your creditors

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Last edited by Skipper on Mon Nov 26, 2007 11:06 am, edited 1 time in total.

 

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BECKY
Posts: 298
by BECKY » Mon Nov 26, 2007 5:55 pm
I had M&S money they voted yes and I was offering 26p in£

 

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caraf
Posts: 645
by caraf » Mon Nov 26, 2007 8:44 pm
Hi I have just been on the telephone for one and a half hours to Clearstart. The proposal is going to be drawn up tomorrow. This is what I am going to offer on debts of £85k :
£500.00 per month for 60 months
also I have got some life policies which I am willing to surrender. The surrender value would be around £3000.00 - £4000.00 approx.
My creditors are:
Halifax
M&S Money
Grattan
Egg Loan
Egg Card
Priciples
Next Directory
Fashionworld
Kays
Littlewoods
Creation
Next Gold
Virgin
Barclaycard
Paragon Finance
Nationwide
Bank of Scotland

Does anyone know if this is a good proposal and should it go through

 

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MelanieGiles
Industry Expert
Posts: 47612
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by MelanieGiles » Mon Nov 26, 2007 9:13 pm
It depends on whether this is your best offer, and accords with the creditors' individual voting policies, but the creditors you have are generally supportive.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
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