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Lahoretiger

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Post by Lahoretiger » Fri Jul 03, 2020 2:39 pm
Ok cool

Lahoretiger

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Post by Lahoretiger » Fri Jul 03, 2020 2:46 pm
So the draft is based around your last 3 months bank statemts wages etc

kallis3

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Post by kallis3 » Fri Jul 03, 2020 3:25 pm
It is all down to what your IP asks for. You have to leave it in their hands.
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

Lahoretiger

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Post by Lahoretiger » Fri Jul 03, 2020 3:50 pm
How long back can they ask for

Foggy

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Post by Foggy » Fri Jul 03, 2020 4:03 pm
Fri Jul 03, 2020 2:46 pmLahoretiger wrote:
So the draft is based around your last 3 months bank statemts wages etc
The draft is based around the facts as you present them -- what you tell the IP and how you answer his questions. They generally ask for a few months statements to evidence the income and expenditure you declare. They will ask about any assets that you might have --- if you hide any they have 5 or 6 years to discover them --- they may discover them or they may not.

There is a lot of trust involved.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

kallis3

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Post by kallis3 » Fri Jul 03, 2020 4:12 pm
Leave it to them - they know what they need and will tell you.
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

Lahoretiger

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Post by Lahoretiger » Fri Jul 03, 2020 4:27 pm
No assets some lamd i told them aboiut back home with 10 owners family members worth about 5k uk value in total

kallis3

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Post by kallis3 » Fri Jul 03, 2020 4:49 pm
You just have to let them get on with it now. You have told them everything.
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

Lahoretiger

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Joined: Tue Jun 16, 2020 11:08 am

Post by Lahoretiger » Fri Jul 03, 2020 5:03 pm
How long does the bank mull on the proposal

kallis3

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Post by kallis3 » Fri Jul 03, 2020 5:19 pm
No idea - shouldn't be too long but - we can't help you with that.
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

Foggy

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Post by Foggy » Fri Jul 03, 2020 5:21 pm
Once you have returned the signed proposal to Stepchange it will be about a month before the creditors meeting. The creditors have around 21 days to think.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Lahoretiger

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Joined: Tue Jun 16, 2020 11:08 am

Post by Lahoretiger » Sat Jul 04, 2020 12:21 pm
Txs when does the meeting happen after propsal sent

Lahoretiger

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Post by Lahoretiger » Sat Jul 04, 2020 12:23 pm
What documentatin do creditors get to look at

kallis3

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Post by kallis3 » Sat Jul 04, 2020 12:40 pm
Your proposal and your IP will have seen your credit statements etc.
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

Foggy

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Post by Foggy » Sat Jul 04, 2020 1:26 pm
You are asking the same questions on two different threads, so I have merged them into one, so all replies are in the same place.

Have a read back through the whole thread.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
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