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Posted: Tue Oct 23, 2007 8:40 pm
by enquirer1
My IVA has six months to run. Original total £ 125000, costs £16000 interest at 8%.
It does appear there will be a shortfall at end of period of £ 25000.
In your experience what happens? My present administator is not good for such questions.
Posted: Tue Oct 23, 2007 9:07 pm
by gavin
hi sorry i dont no i thought that interest was frozen when on iva 1 of the experts will help you soon welcome to the forum
Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
Posted: Tue Oct 23, 2007 9:08 pm
by MelanieGiles
Were you offering to repay creditors in full?
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
Posted: Wed Oct 24, 2007 10:09 am
by iva experts
Welcome to the Forum enquirer1,
Could you provide what dividend (p/£) you were offering to your creditors? Unless you are offering 100p/£ there will always be a shortfall, this is the amount at the end of the term that gets legally written off.
Best Regards,
IVA Experts
http://www.iva-experts.co.uk/