I have a creditors meeting tomorrow after my first one was delayed two weeks ago because one of my 8 creditors hadn't receive the relevant paperwork !
I am worried sick, trying not to be but cannot help it !
My questions are , does anyone know the percentage of lump sum/full and final iva that are excepted ? And are there certain creditors that are more likely to reject an offer ?
I have offered 30p in the £1 for a debt of approximately £60k lending the money from a family member.
Any information would be gratefully received.
Clairedd26 wrote:Thank you, the offer is infact £23k so the figure of 30p in the £1 is after costs I believe. The delay for 2 weeks has frightened me to bits and can't help thinking they've got more time to analyse the situation and reject it !
Yes, costs have been factored into the dividend figure -- but these reflect fees and disbursements. The creditors will also be saving the costs in time and staffing dealing with several years of quarterly dividends, so they are actually getting more than if you paid the same amount spread over 5 or 6 years.
I do own a property with my ex partner and there is equity in the property so they obviously agreed it was the best offer for all involved.
PayPlanPlus have been amazing so far, from the start of my payment plan to the Iva. Although they weren't always forward at answering my questions I cannot fault them.
I would urge anyone with debt problems to seek help ! It's such a relief to be able to start a fresh !!
Thanks for all your support and advise x
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