Search found 14 matches

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by moocow
Thu Jan 10, 2019 9:37 pm
Forum: Ask IVA Forum and Industry experts
Topic: 2nd Creditors Meeting
Replies: 8
Views: 5726

I lost by 0.1% at the vote stage. It was awful. The IP and his boss made it feel like I was on trial. Worst bit was towards the start when he slid a piece of paper across the desk and exclaimed "regardless of how you vote, it's a yes". So annoyed because they accepted the large debt sum even without...
by moocow
Wed Jan 09, 2019 9:07 pm
Forum: Ask IVA Forum and Industry experts
Topic: 2nd Creditors Meeting
Replies: 8
Views: 5726

Thank you all. A few forums I've more or less been told to jog on. I didn't mean for it to sound as it came out. Don't get me wrong, I completely understand people make mistakes or things sometimes take over their lives. I worked with a girl and helped her get a bankruptcy order because her life spi...
by moocow
Wed Jan 09, 2019 5:46 pm
Forum: Ask IVA Forum and Industry experts
Topic: 2nd Creditors Meeting
Replies: 8
Views: 5726

Hi all, Wish me luck. I've got my second creditors meeting tomorrow. I'm the creditor by the way. The first one got adjourned (they didn't give us a reason for it mind you). However, we did speak to the manager of the IVA firm who shed some more light on the "large debt from abroad". The investment ...
by moocow
Mon Dec 24, 2018 9:35 pm
Forum: Ask IVA Forum and Industry experts
Topic: Help For A Creditor
Replies: 21
Views: 8740

One last quick question - I know I am pulling at straws but it's a lot of money I am going to lose out on and I completely believe the debtor has a lot more assets than he says he has. He has based the figures in the IVA on him living with wife number 1 where he has 2 kids. If he is now living with ...
by moocow
Sat Dec 15, 2018 7:04 pm
Forum: Ask IVA Forum and Industry experts
Topic: Cash In Hand Debts and IVA
Replies: 4
Views: 7789

Sorry I was just cross referencing it to the IVA that has been proposed to me. The IP specifically told me on the phone that a lot of the debts could not be substantiated with hard proof but he was going to ask them to sign a statement of truth.
by moocow
Sat Dec 15, 2018 12:30 pm
Forum: Ask IVA Forum and Industry experts
Topic: Cash In Hand Debts and IVA
Replies: 4
Views: 7789

Hi all, Just a quick question. Say for instance I approached an IP and told him I had £50K worth of debt which I had no proof for, as in cash in hand debts with no paperwork. Say also, I had £50K worth of debt with paperwork and agreements which could be proved. If he went on to do an IVA for me, is...
by moocow
Wed Dec 12, 2018 11:00 am
Forum: Ask IVA Forum and Industry experts
Topic: Help For A Creditor
Replies: 21
Views: 8740

That is outrageous behavior from an IP who is supposed to be impartial and professional and is duty bound to act in accordance with an ethical code. You could consider asking a complaint. You will get to meet the debtor and the IP and put your questions to him at a physical meeting so i think this ...
by moocow
Tue Dec 11, 2018 5:39 pm
Forum: Ask IVA Forum and Industry experts
Topic: Help For A Creditor
Replies: 21
Views: 8740

Thanks everyone for their advice. I had some more paperwork through the post today. He has a solicitor who has put in an order so that the interim charging order cannot be made final. Apparently it's been stayed until next year. I spoke to a solicitor today who told me to speak to the IP and ask tha...
by moocow
Sun Dec 09, 2018 5:52 pm
Forum: Ask IVA Forum and Industry experts
Topic: Help For A Creditor
Replies: 21
Views: 8740

So this is what it says - the debtor has the following associated creditors, who are friends and family of the debtor, who will waive their right to a dividend in the IVA should the proposal be approved and they will defer any claims they have until after the successful completion of the IVA. The li...
by moocow
Sun Dec 09, 2018 4:29 pm
Forum: Ask IVA Forum and Industry experts
Topic: Help For A Creditor
Replies: 21
Views: 8740

When you say that you have a charge on the property, what do you mean? Is the loan secured against the property ? If so it cannot be rolled into the IVA. I have an interim charging order on the property he owns with his wife. It has not been made final however. The judge was due to look at the pape...
by moocow
Sun Dec 09, 2018 3:49 pm
Forum: Ask IVA Forum and Industry experts
Topic: Help For A Creditor
Replies: 21
Views: 8740

What does that mean KALLIS?

Also, is there any point in me going to a solicitor or is this IVA thing the final thing and all is lost now?
by moocow
Sun Dec 09, 2018 3:22 pm
Forum: Ask IVA Forum and Industry experts
Topic: Help For A Creditor
Replies: 21
Views: 8740

Thanks Foggy. It's BHP corporate solutions. The amount he owes me including interest is £33K. The amount of total debt he says he has is about £250K, £75K+ of which is to banks and credit cards etc, who will most likely say yes to the IVA as they have funds to set off bad debts I presume. I've just ...
by moocow
Sun Dec 09, 2018 2:47 pm
Forum: Ask IVA Forum and Industry experts
Topic: Help For A Creditor
Replies: 21
Views: 8740

Thanks for your reply Foggy. 1) The debtor says in the IVA paperwork that he supposedly owes someone in South Africa £100K, would the IP ask for proof of this and check this or do they just go with what the debtor is saying? 2) A lot of the information in the paperwork is incorrect. It says he is li...
by moocow
Sun Dec 09, 2018 2:09 pm
Forum: Ask IVA Forum and Industry experts
Topic: Help For A Creditor
Replies: 21
Views: 8740

Hello all, I know most of these sites are aimed at debtors and advice for them. Would you consider helping a creditor like me with advice or is that not allowed on here? I made a stupid loan arrangement with a local business man which has gone completely wrong. The whole intention of me making this ...
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