if the other creditors don't make their claim ?

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TT

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Post by TT » Tue Jun 08, 2010 10:03 pm
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Hi
I have just started year 3 of my iva and had a financial review back. Its ays the creditor claims received total £25000 compared with a value of £38000 included in the proposal. What happens if the other creditors don't make their claim ?
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Shining

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Post by Shining » Tue Jun 08, 2010 10:11 pm
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Hi TT and welcome to the forum.

I think that all creditors have a set amount of time to make their claim and it may be possible your IP will chase them up to do this. I'm not 100% and do stick around for a professional opinon.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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TT

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Post by TT » Tue Jun 08, 2010 10:33 pm
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Thanks Lesley. Just wondered if they didnt claim if it got divided up among the other creditors? Seems strange they wouldnt make their claim.
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kallis3

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Post by kallis3 » Tue Jun 08, 2010 10:51 pm
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If there are any creditors who don't claim, then the rest does get divided up between the other creditors.
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
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