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
They will be charging the Nominees and Supervisory fees within your proposal. As Melanie stated there is no creditor who will block any IVA unless they have a cogent valid reason which is sustainable under the Protocol. How long have you been in the DMP for with GP?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Have been in the DMP for approx 2 years, but recently had to reduce the payment due to my partner changing jobs to a much lower paid one .. even when it first started my projected end was 11 years, now with the reduced payment and after2 years it is still 11 years.
If your IVA is approved, you will definitely be able to see the light at the end of the tunnel!
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
That is so annoying! If we had done an IVA when we first sorted out our finances, we would be halfway through as well!
Still, the first year is over now.
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
They did, but as soon as I mentioned Northern Rock they said it would probably fail as at the time NR were not accepting IVA's and they are my largest creditor.
NR have always accepted IVA's but were very difficult with certain clients based on whether they were owed 25% or more of the debt - their criteria has now changed - from last November - why has it only taken GP 5 months to suggest this now?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
OK as long as you are happy with them and remember you need to work with them for 5 more years. Good luck.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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
Well seems everything is going ahead, waiting for the proposal to come through, once that's here and its all ok, creditors meeting will be sometime in the third week of May.
