Thanks Ian

We now have secured debts of 66000 plus the IVA of approx 36000 with 30000 eqiuty in our property
I can only see BR as a solution
Andy

Here is what SIP3 (Statement of Insolvency Practice 3) says on the subject (remember though that it's best practice and not the law) "The nominee should request the debtor to attend the creditors’ meeting in order to answer questions and to give consideration to proposed modifications. If the debto...

[quote] Originally posted by OPTIMIST12 Hi - I am just guessing - but perhaps it means that if a person cant agree quickly (within 30 minutes or whatever) to the Mods then the company then has to formally adjourn the meeting to a later date? we were told that it was take it or leave it and 30 mins t...

we were told oroginally by letter how muxh or payments would be. After the creditots meeting we were tolsd the payments would be higher than we were told originally and that there were certain conditions, in fact so many in took the lady from DFD 5 mins to go through them. I asked for these to be se...

hello

have been in an IVA for a year and struggling to keep up payments, we didnt attend the creditors meeting but were telephoned after wards to be told of the arrangements and were told we had 30 mins to accept, is this correct? Andy