I have phoned CF to ask how the F&F meeting went on Friday to be advised it has been adjourned again for the 3rd time!!
I asked what my options were and was told the main creditor has rejected twice now I asked how another week is going to change there mind. He went off to speak to his senior and then came back with two options first one being just continue to make the monthly payment until the end or increase the offer from £1750 to £2266 as this is the full amount I have to pay before the end of my IVA but they would want it in writing from my husband and then it would be another 28days to send out to my creditors!! Any advice would be greatly received please
I dont have much advice about getting things agreed but I do understand how frustrating this is. One adjournment after another without any clear reasons why or what the delay will achieve.
CF are notorious for doing this and just fob you off with excuses. We were adjourned 3-4 times before they actually admitted it was an issue with their paperwork process! Kept lying and telling me creditors hadnt voted.
Really feel for you. Sorry its not as straight forward as perhaps it should be.
I’ve had the chairman’s report but i don’t really understand it!
For what I can gather one creditor refused it but they was only one of the small ones of £1500 I thought it had to be one of the higher creditors to refuse?
After speaking to an advisor they said that paying the amount that it would be would be a better offer and likely to get excepted but the full amount wouldn’t make to much is a difference to the small creditor I wouldn’t of thought. It’s so stressful and frustrating
I have now submitted another offer of £2266 the amount I was advised to submit by one of the CF advisors. I know have another 28 days to wait for an outcome
Lisa Thomas wrote:Interesting - I didn't think you were able to adjourn a variation meeting for more than 14 days.
I get the feeling that this is no longer an adjournment, but that they are starting from scratch. Creditfix do seem to make life hard for themselves (and their client). This could have been ascertained at the first or second meeting and resolved at the time with a bit of honest communication from CF.
Who is onlineUsers browsing this forum: kallis3 and 28 guests
Ask the IVA Experts a QuestionSimply complete form and you will get an answer from our IVA Experts (multiple replies within an hour *)
* Any use of this forum is conditional on you having read and agreed to our terms and conditions.
* If you enter your phone number, Vincent Bond and Co Ltd will give you a courtesy call to ensure that your question has been answered.
* The question will be posted on our forum, we will email you the location