My creditors meeting is next week

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JasonWBA
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by JasonWBA » Fri Jan 19, 2018 7:33 pm
Hi all,
I have my creditors meeting next week (26th) and I’m understandably quite nervous about it.
I have approx. £23,000 debt split along 4 creditors (HSBC, Barclaycard, Argos and Very)
The initial proposal after the budget calculator is £221 per month over the 5 years.

In your opinions, is this a reasonable proposal likely to be accepted?

My IP is very confident considering the total paid back and the size of the creditors in question.

Any advice would be greatly appreciated.

Thanks
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Foggy
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by Foggy » Fri Jan 19, 2018 7:36 pm
It's a decent dividend and the IP wouldn't put forward something he didn't think would work --- he doesn't get paid if it doesn't !

Best of luck.
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kallis3
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by kallis3 » Fri Jan 19, 2018 10:04 pm
Sounds good to me as well.
JasonWBA
Posts: 2
by JasonWBA » Fri Feb 23, 2018 3:26 pm
Hi,
Just updating you on my situation.

My original creditors meeting was postponed until 13th Feb. I had many threatening letters in the meantime from my creditors which caused me all sorts of stresses.

My meeting went ahead but all the votes hadn’t been cast and I had to wait a further couple of days. I then got a message to say the meeting was adjourned.

I just got a call to say the IVA has been approved. Needless to say it’s a MASSIVE relief.

Can see light at the end of the tunnel now, I’m thrilled.

Thanks
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Foggy
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by Foggy » Fri Feb 23, 2018 3:46 pm
Phew ! Congratulations.

I imagine that your IP has been canvassing missing voters to get the right majority !
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kallis3
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by kallis3 » Fri Feb 23, 2018 4:51 pm
Excellent result!
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