www.iva.co.uk

HI I HAVE CURRENTLY SET UP AN IVA WHATS MY CHANCES OF BEING EXCEPTED MY TOTAL DEBT IS 30000 AND HAVE 260 A MONTH TO OFFER MY BIGGEST CREDITOR IS NATWEST AROUND 5500


S WARD

Without knowing who your creditors are I would say that you have a good chance of having your IVA proposal accepted as long as this is your best offer to your creditors and that the IVA will put them in a better position than they would find themselves in bankruptcy.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

MY CREDITORS ARE NATWEST/SOLUTION FINANCE/CAPILAL ONE/1ST CREDIT/AQUA
NEXT/LITTLEWOODS/ADAMS/ADDITIONS AND A FEW OTHER COMPANIES

S WARD

In my experience all the creditors you have mentioned are open to IVA proposals so notwithstanding the advice above I feel you have a strong chance of success.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

Hello S Ward,

I think you have a good chance of approval, the creditors that you have mentioned are quite receptive to IVA's and hold a minimum 25p/£ needed unlike other creditors.

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/

as natwest is my biggest creditor if for say they were the only ones to vote would i be rejected

S WARD

Hi
If they said yes then it would be accepted.
If your smallest creditor was the only one to vote and they said yes then it would also be accepted
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

Over 80% of all IVAs are accepted by creditors, and as long as you have put the best offer on the table that you can afford, you should have few worries on the day.

Good luck!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

ive just been reading that banks are going to want 40 in the pound not 25 as no deal so whats my chances now

S WARD

Hi S Ward,

as the others have said if it's your best offer your arrangement will probably be accepted albeit with a bit of tinkering.

Hi
At present there is only one bank that has declared that they will only accept a 40p mimimum dividend and that's HSBC.
It's not been an accurate report in the press

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

how much is 260 in the pound

S WARD

The amount of pence in the pound you are returning will be dependant on the fees which your IP is charging. These generally range from £5000 - £8000, so if we go using this scale, with a DI of £260/ month you will likely being returning 35-25p in the pound on a £30,000 debt.



Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

surely if only one creditor voted this wouldnt be 75%of the debt

S WARD

If only one creditor voted that would represent 100% - as the votes are taken on the value of those that vote and not the overall debt.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp