Question for s27 !!

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Michael2074

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Post by Michael2074 » Mon May 04, 2009 6:52 am
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Hi S27,

Just wanted to ask how you managed to get creditors to take 5K when you still owed 13.5K to the IVA?

Was there any special reason?

Thanks in adavnce.

Mike
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David Mond

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Post by David Mond » Mon May 04, 2009 8:18 am
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And who was your IP?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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s27

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Post by s27 » Mon May 04, 2009 9:11 am
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It was due to a severe drop in income. I'm still waiting for my COC sowon't say too much yet, but it was a super firm in Worcestershire.
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Michael2074

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Post by Michael2074 » Mon May 04, 2009 10:55 am
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Thanks Mate
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David Mond

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Post by David Mond » Tue May 05, 2009 7:40 am
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Look forward to hearing - and yes special situations can sometimes be helpful in settling matters at a good discount.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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