Worried

5 posts Page 1 of 1
 
 

baz36

User avatar
Posts: 115
Joined: Sun Jan 21, 2007 11:29 am
Location: United Kingdom

Post by baz36 » Wed Feb 28, 2007 12:27 pm
Creditors meeting next wednesday, all creditors will be in receipt of proposal even though they say not!!! Ive had to stop answering the calls now as it is causing me stress.

Just really worried now, what happens if proposal is rejected? are all of a sudden all the credit card companies going to pounce on me for large amounts of money? (really worried)
 
 

steve532

User avatar
Posts: 97
Joined: Tue Feb 13, 2007 9:02 am
Location: United Kingdom

Post by steve532 » Wed Feb 28, 2007 12:47 pm
Baz.
First thing calm down, We on this site have all been through what you are now. IF your IVA is rejected your IP should work on your behalf to amend your proposal or if need be talk to none voters if you have not got 75% in favour. There are also other otions DMP which if your debt isnt huge could be an idea. Or BR i know it sounds drastic but might be better than what ur going through now.
But please stop worrying there is a solution out there.
BE LUCKY.


steve
steve
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:

Post by MelanieGiles » Wed Feb 28, 2007 1:43 pm
Don't event think about rejection at this stage! Have faith in the professionalism of your IP - they would not have spent time putting your case forward if they felt there was a chance of it failing!

Good luck.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
 
 

freelili

User avatar
Posts: 3474
Joined: Mon Oct 02, 2006 2:55 am
Location: United Kingdom

Post by freelili » Wed Feb 28, 2007 2:01 pm
Baz

With all the stress you have been through the last few months, how could you not be worried?. The guys you speak to on the phone are in a different place to the ones your IP will ask to vote. There will be lots of work going on to make this a favourable result for you. So hang in there, think positve thoughts, you havent been thrown back to the crocs yet.

Good luck

LILY
LILY

http://freelili.blogs.iva.co.uk

I asked God for an answer, I have to live with his reply.
Exsisto an angelus quod planto quispiam sentio melior.
 
 

lesley

User avatar
Posts: 100
Joined: Sun Feb 04, 2007 8:47 am
Location:

Post by lesley » Wed Feb 28, 2007 5:23 pm
I just think along the lines of I am giving my very best offer in my proposal and if they reject it then I will have no option but to go bankrupt and they will get nothing so I reckon we all stand a reasonable chance of acceptance as long as we don't look like we are taking the mickey out of them. Don't worry you are doing your best for all concerned.
5 posts Page 1 of 1
Return to “IVA postbag for february”