What are the chances of my IVA being accepted?

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zoe182
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by zoe182 » Wed Nov 28, 2018 12:44 pm
I’ve applied for a IVA and it’s my meeting today, I have 2 loans one with lendable and one with admiral totals £7158.00 I have 2 very accounts one with £130.00 and the other with £800.00 a next account with £500.00 and a credit card with house of Fraser around £1000 on, ive used my very account and next in a panic 3 weeks ago for Xmas presents for me kids, i work part time and I have 2 kids, what are the chances of my Iva being accepted? Thanks
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Foggy
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by Foggy » Wed Nov 28, 2018 12:48 pm
I am afraid that it is almost impossible to say ... on those figures Admiral and lendable have all the clout -- but much will depend on whether they even vote. If they don't, one of the smaller creditors could carry it either way.

Best of luck.
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zoe182
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by zoe182 » Wed Nov 28, 2018 2:10 pm
Foggy wrote:
I am afraid that it is almost impossible to say ... on those figures Admiral and lendable have all the clout -- but much will depend on whether they even vote. If they don't, one of the smaller creditors could carry it either way.

Best of luck.

I’ve just had a phone call to say next and the house of Fraser credit card accepted and very had rejected and the 2 loans haven’t voted so they are going to chase them up for a response and depending on what they say, depending on it being accepted or not, hope I’m not waiting to long!
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Foggy
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by Foggy » Wed Nov 28, 2018 2:16 pm
Fingers crossed !
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kallis3
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by kallis3 » Wed Nov 28, 2018 2:27 pm
Hope it goes ok.
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zoe182
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by zoe182 » Thu Nov 29, 2018 2:21 pm
Still not heard anything, if they can’t get a vote will it get rejected?
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Foggy
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by Foggy » Thu Nov 29, 2018 2:41 pm
zoe182 wrote:
Still not heard anything, if they can’t get a vote will it get rejected?


They will probably adjourn and re-try.
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kallis3
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by kallis3 » Thu Nov 29, 2018 4:04 pm
Agree with Foggy
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