www.iva.co.uk

I have received a letter from MBNA stating that if I don't phone them to set up a payment plan within 7 days they will instruct their solicitors to apply for a CCJ, followed by an Attatchemnt of earnings order and or Baliff and or Charge on our property. How soon is this likely to happen, expected creditors meeting mid June.

Thank you

Hi louise

The sort of action MBNA are suggesting is unlikely to be put into place before your creditors meeting date - but do chase along your IP to see if the proposals can be done any quicker.

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

Louise,

If your creditors meeting is in June you have nothing to worry about. Even if MBNA apply for a CCJ, you have 14 days to respond to the letter when it comes through - you will recognise it as the forms are official looking and blue in colour. You should ALWAYS complete and return these forms if you receive them, even if your IVA creditor's meeting is only a few days away.

Even after that, if the court award the CCJ, it will be overturned by the IVA and you will not have to pay it.

James Falla

Expert in IVA, Bankruptcy and informal Debt Management solutions for over 10 years.

For more information visit www.jamesfalla.com and visit my blog at: http://jamesfalla.blogs.iva.co.uk

i had debt to mbna and when they knew i had a iva going through they sold their debt

Thanks for your replies, I wish they would sell our debts on, at least then maybe they'd stop phoning.