Cheers, much appreciated

kallis3 wrote:

In my annual review there is a list of creditors and by each one is the amount that has been paid out - those that haven't claimed are listed but show nothing next to the name.

Hi, Good question, I am still very early in the process but I assume that if I asked I would be told, and would have thought as part of a review it is a two way process?

Ivaniva wrote:

How do you find out which creditors have and haven't claimed ?
I can't find any mention of this in my reviews?

Hi Andy, Thanks for the response very much appreciated. So what you are believe in effect if the PG's decide to do nothing and not respond my IVA could remain open indefinitely? and I could be forced to pay the full 60 months even though it would amount to £20K more than the rest of the debt and the...

Thanks for the reply, On paper without the two PG's thenI would finish paying all and the fees in Month 32 with a repayment set at £975 / month it would be nice not to continue paying right up to month 60. You'll never pay back more than 100% plus fees. If there is anything extra then it would be re...

Thanks for the response, I have spoken to them and they just seem as uncertain as me? Potentially over five years I could pay in a lot more than I need to as my IVA is based on repaying 100% of the debt over five years? No idea how long it takes - I'm three and a bit years in and a couple of my cred...

Does any one know how long a creditor has after the creditors meeting to state their full claimed amount? I have two potential Personal guarantees that may or may not bee called as there is equipment being sold by them to cover their costs. They are listed in my IVA in case their costs are not cover...

Hi Ginger3232 Thanks for the response, all of the IVA debt is in name only. there is no Joint Debt under it. The only joint debt we have is the Mortgage. Things Like mobile phones etc were in her own name as is her credit card and bank accounts etc. Welshman2805 -welcome to the forum, Just checking ...

Hi I am entering into a personal IVA in my name only, I know under the terms of the IVA any windfalls, bonuses overtime Etc is supposed to go into the IVA, However as this is personal to me how does it effect anything extra my wife may get such as pay rises Overtime windfalls etc? Also I know they h...

I am in the last stages of setting up my IVA and the creditor meeting is next week, after a lot of issues raised by two of the creditors my payments look likely to now be set at £975 / month. This will in effect give all the creditors a 100% return with no shortfall, even after deduction of the IVA ...

Thanks, much appreciated, its i I thought.

kallis3 wrote:

Hi,

If they don't vote they are not counted towards the 75% LTV vote for the requirement.

During Voting at creditor meeting, if creditors do not vote how are they counted in the balance towards the required 75% by value requirement?

For the purpose of the IVA the property is valued at £129000 and then discounted to by 35% to ~£84000 for a forced sale, at the discounted value the equity totals negative 3605 / 2 = £-1802. I really would look at bankruptcy but I am sure we would still be forced to sell the property. All advice / c...

Negotiating with them now, hopefully a compromise will be reached I have made several comments and brought up several issue's regarding costs etc. It does seem that the two highest creditors have banded together and are pushing for a "full pound of Flesh" which although may sound good to them at the...

Negotiating with them now, hopefully a compromise will be reached I have made several comments and brought up several issue's regarding costs etc. It does seem that the two highest creditors have banded together and are pushing for a "full pound of Flesh" which although may sound good to them at the...

My IP is now saying it is basically accept it or it will fail, Lloyds TSB are the sticking block which accounts for about 25% of the debt £13000, from a Personal guarantee from my Ltd.Co. which went insolvant. With this repayment rate they are looking at a dividend of 79%. Although the payments are ...