What are the chances of my IVA being accepted?

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zoe182

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Post 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

Foggy

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Post 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.
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

zoe182

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Post 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!

Foggy

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Post by Foggy » Wed Nov 28, 2018 2:16 pm
Fingers crossed !
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 » Wed Nov 28, 2018 2:27 pm
Hope it goes ok.
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

zoe182

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Post by zoe182 » Thu Nov 29, 2018 2:21 pm
Still not heard anything, if they can’t get a vote will it get rejected?

Foggy

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Post 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.
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 » Thu Nov 29, 2018 4:04 pm
Agree with Foggy
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
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