Get expert opinion. This is the place for new questions to be posted.
Cariadqueen
Posts: 144 Joined: Sun Oct 07, 2012 5:03 pmLocation:
I hope its good news for you Anap x
25 months down.....We will be debt free!
GilliB
Posts: 656 Joined: Fri Mar 02, 2012 4:29 pmLocation: United Kingdom
You are in great hands anap, so I hope you get good news anytime now! x
IVA journey started: 30th March 2009. Settled: 17th July 2012. Completion Certificate received: 13th March 2013. Breathe. x
NoCash2012
Posts: 29 Joined: Tue Nov 06, 2012 10:28 amLocation: United Kingdom
Niobe
Posts: 5169 Joined: Tue Jul 03, 2012 9:56 amLocation:
Hope you get good news soon.
4kidsnocash
Posts: 531 Joined: Tue Apr 26, 2011 7:12 pmLocation: United Kingdom
good luck hope you get the answer you are looking for
Alas, I am dying beyond my means.
anap
Posts: 51 Joined: Wed Sep 12, 2012 10:11 pmLocation: United Kingdom
IVA approved but with modifications. An increased payment each month and 12 extra months.
MrsR
Posts: 1201 Joined: Mon Oct 31, 2011 9:30 pmLocation: United Kingdom
Hi Anap,
Started IVA 27th Feb 2012 - Due to complete 27th Jan 2018 !!
Full & Final submitted and accepted 30th March 2015, paid 10th April 2015 - 3 yrs 1 month into IVA
Completion Certificate received- 30th April 2015!!
GilliB
Posts: 656 Joined: Fri Mar 02, 2012 4:29 pmLocation: United Kingdom
Hi anap. Hope it is the outcome you are able to work with comfortably. x
IVA journey started: 30th March 2009. Settled: 17th July 2012. Completion Certificate received: 13th March 2013. Breathe. x
Skippy
Posts: 20720 Joined: Sat Oct 21, 2006 6:08 pmLocation: United Kingdom
Contact
Make sure you can afford the increase in payments. There is no point agreeing to the modification if you are going to struggle from the outset.
NoCash2012
Posts: 29 Joined: Tue Nov 06, 2012 10:28 amLocation: United Kingdom
anap, who are your creditors out of curiosity?
MikeyM
Posts: 315 Joined: Fri Sep 07, 2012 4:36 pmLocation:
Was the increase substantially different to what was proposed?
MelanieGiles
Industry Expert
Posts: 47612 Joined: Tue Jan 09, 2007 10:42 amLocation:
Contact
Creditors will usually instigate increases in payments where expenditure exceeds the maximum CCCS guidelines, and cannot be fully justified. Even when it is fully justified, they can often take a moralistic view.
Regards, Melanie Giles, Insolvency Practitioner
anap
Posts: 51 Joined: Wed Sep 12, 2012 10:11 pmLocation: United Kingdom
The increase is about 9%. Creditors are Barclaycard and Nationwide (they wanted the 12 extra months), Lloyds and Shop Direct (they wanted the extra payments), Virgin Money and Next (they were presumably OK with it!).
Last edited by
anap on Wed Nov 14, 2012 9:50 pm, edited 1 time in total.
NoCash2012
Posts: 29 Joined: Tue Nov 06, 2012 10:28 amLocation: United Kingdom
Niobe
Posts: 5169 Joined: Tue Jul 03, 2012 9:56 amLocation:
Belated congratulations from me.
