Search found 20 matches

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Search found 20 matches Page 1 of 2
by Itsallouttherenow
Sat May 19, 2018 8:39 am
Forum: Ask IVA Forum and Industry experts
Topic: Anyone had experience with these creditors?
Replies: 5
Views: 877
I will let you know on weds!! Barclaycard, Barclays overdraft and Very are among our creditors. Our meeting is on 23rd @ 10am. Very nervous :shock:
by Itsallouttherenow
Fri May 11, 2018 8:09 pm
Forum: Ask IVA Forum and Industry experts
Topic: Creditors Meeting Paperwork different to proposal
Replies: 3
Views: 9729
Thanks for the reply foggy How can such an error happen though! I can't see any other explanation. Do you know where we stand I terms of this paperwork that has been sent to our creditors being so different from what we signed for? Clearly they need to amend it and resend......but is that even possi...
by Itsallouttherenow
Fri May 11, 2018 7:20 pm
Forum: Ask IVA Forum and Industry experts
Topic: Creditors Meeting Paperwork different to proposal
Replies: 3
Views: 9729
Hi We recieved notice of our creditors meeting today.....23rd May!! Excited but scared. After reading through the creditors meeting paperwork today I am very worried. In our proposal we signed for 44p in the £ for IVA. Bankruptcy figures 50p for myself and 44p for my partner. On the CM paperwork it ...
by Itsallouttherenow
Sun Apr 22, 2018 8:21 am
Forum: Ask IVA Forum and Industry experts
Topic: Amended proposals
Replies: 2
Views: 4785
Hi all. We recieved our first proposals on 11th April and we had some concerns over some of the wording and the value that had been placed on our property. It also showed bankruptcy as being a much better return for our creditors which really concerned us. As due to the over valuation of our propert...
by Itsallouttherenow
Wed Apr 11, 2018 11:06 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA proposal receieved
Replies: 3
Views: 5066
Hi all.

We have recieved our IVA proposals this morning and have downloaded and printed them. Before we sign, any advice or hints of special clauses we should be looking out for?
Many thanks
by Itsallouttherenow
Mon Apr 09, 2018 10:50 pm
Forum: Ask IVA Forum and Industry experts
Topic: To pay or not to pay?
Replies: 19
Views: 4950
Totally understand! Our proposal is still being drafted and I am too concerned about what will happen if it's rejected. We have missed all payments for April now and could no way catch up if Our IVA isn't approved. I have spent a lot of time reading others posts on here and have comfort in knowing t...
by Itsallouttherenow
Mon Apr 09, 2018 9:41 pm
Forum: Ask IVA Forum and Industry experts
Topic: To pay or not to pay?
Replies: 19
Views: 4950
Hi It's difficult I know. We were in a similar situation and never missed any payments. But as soon as we decided an IVA was our best option we stopped paying them. We contacted them all to explain our situation and gave them our IPs contact details. We did this before we missed any payments. We hav...
by Itsallouttherenow
Sun Apr 01, 2018 8:53 pm
Forum: Ask IVA Forum and Industry experts
Topic: How long now ?
Replies: 8
Views: 4951
Hi. We are at the same stage as you. We signed our Letters of Engagement last week and interlocking IVA now being drafted. I too am wondering how long from now! I have estimated maybe 4 weeks plus. If my IP sends the draft proposal by the end of this week. We are not signing straight away. I will go...
by Itsallouttherenow
Wed Mar 28, 2018 5:04 pm
Forum: Ask IVA Forum and Industry experts
Topic: Extra income clause
Replies: 5
Views: 5045
Thanks for the reply foggy! I am going to get a call from them tomorrow to confirm but as it stands the latter of the two scenarios is what has been agreed on apparently. As the bonus is quarterly, they spread over the 3 months, which then takes it below the 10%. I guess the wording in the final pro...
by Itsallouttherenow
Wed Mar 28, 2018 3:23 pm
Forum: Ask IVA Forum and Industry experts
Topic: Extra income clause
Replies: 5
Views: 5045
Hi I have received our engagement letter and note the clause re extra income. I have emailed our IP for clarification but wanted to ask on here too! With reference to the below statement- "If not already done the debtor(s) income must capture overtime, commission or bonuses earned. The debtor(s...
by Itsallouttherenow
Sat Mar 24, 2018 11:08 pm
Forum: Ask IVA Forum and Industry experts
Topic: First IVA payment
Replies: 5
Views: 4782
Hi all. Our IVA is in the process of being drafted. I have been told that if our creditors accept our prosposal a payment will be due immediately. In other words they will take the first payment by debit card on the day of the creditors meeting if we get a YES vote (everything is crossed!). Is this ...
by Itsallouttherenow
Mon Mar 19, 2018 9:06 am
Forum: Ask IVA Forum and Industry experts
Topic: Santander said they would consider porting our mortgage, has anyone experience?
Replies: 6
Views: 4328
That's very reassuring. I too work at a high street bank (15 yrs!) and have just started the IVA process. I have informed my line manager and she has been very supportive. My employer is also one of my creditors and hold a large percentage! Hoping the fact I work for them won't go against me! Were y...
by Itsallouttherenow
Sun Mar 18, 2018 11:15 pm
Forum: Ask IVA Forum and Industry experts
Topic: Santander said they would consider porting our mortgage, has anyone experience?
Replies: 6
Views: 4328
Hi.
Unable to help re Santander but would like to ask your advice.
You mention that you work for a high street bank.....were you working there when you applied for your IVA?
by Itsallouttherenow
Thu Mar 15, 2018 9:28 pm
Forum: Ask IVA Forum and Industry experts
Topic: MBNA, BARCLAYS AND TESCO
Replies: 4
Views: 4045
Does anyone have experience of how MBNA, Barclays and Tesco usually vote? Myself and husband are applying for an interlocking IVA. These three are Our biggest creditors holding over 25% each so their votes are crucial. Also. As it is an interlocking IVA. How are the percentages calculated? We both h...
by Itsallouttherenow
Wed Mar 14, 2018 9:47 am
Forum: Ask IVA Forum and Industry experts
Topic: Advice?
Replies: 17
Views: 4105
Hi I too have just decided an IVA is our only option after amassing a crazy amount of loan and credit card debt. I have been speaking with a few companies and have chosen a smaller one listed on the expert page of this forum. He has been fantastic and answered all my questions queries and concerns. ...
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Search found 20 matches Page 1 of 2