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.
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.
Who is onlineUsers browsing this forum: No registered users and 31 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