An IVA ought to be drafted, prepared and presented within 2-3 weeks of your IP being in full possession of the documentation required to process the case. There then has to be a three week period in which the creditors meeting is called and held.
In my experience the most time spent is in gathering up clients' documents - so do try and get the paperwork in as quickly as you can.
What timescale have Grant Thornton given you as a matter of interest?
Are you using Grant Thornton as your IVA company? If so, and you have a reference number, when creditors call ask them to contact or IVA company and quote your reference number. Don't get int a conversation with creditors, just state that you are doing an IVA. I'm only a year in, I'm just saying what I was told by BE (my IVA people). An expert will see your post and be able to answer your post much better than me.
All the best.
IVA started Sept 09. Glad to be on the way to being debt free
They haven't give me a time scale, went to see them at local cab,last wednesday, and recieved paper work from them yesterday, just waiting for some paper work from my bank, regarding mortgage. courier is due to pick everything up on thursday.
deb.ml wrote:
Are you using Grant Thornton as your IVA company? If so, and you have a reference number, when creditors call ask them to contact or IVA company and quote your reference number. Don't get int a conversation with creditors, just state that you are doing an IVA. I'm only a year in, I'm just saying what I was told by BE (my IVA people). An expert will see your post and be able to answer your post much better than me.
All the best.
haven't got a reference yet, when do you get it as they are asking for it.
I would just be honest with your Creditors and tell them you are in the process of trying to set up an IVA.
They will probably still call and tell you anything to try and make you pay.
Beware, sometimes the calls carry on for a short time after an IVA is accepted. It just takes time for the relevant information to filter through to the right department.
I remember when we were getting phonecalls from our creditors. We explained about going through the IVA process and they told us they didn't know what that was - I think they were playing dumb with us. We just gave them the name of the IVA company and they left us alone. x
Its now time to start living and to make some some wonderful memories!
Read my blog at http://flow13.blogs.iva.co.uk/ 'Aiming for the finish line'
I didn't speak to my creditors at all, just wrote to them to tell them what was going on and that I would be dealing by mail and nothing else.
They still phoned though.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I spoke to them all had a script and told them my IP's contact details and any further communication was to be made through them, some were fine others not, it seems a long time whilst it's happening but honestly once accepted the script changes to one of confidently saying my IVA was accepted on the **** please do not contact me again. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
I took great delight in telling Mercers on the date of acceptance that I was in an IVA and they couldn't contact me again. She said fine, can you make a payment today please! I told her that wasn't possible, couldn't do it in an IVA and that was it! No phone calls since.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
HI SADYAZZ,
IM DEALING WITH GRANT THORNTON ALSO AND MY IVA WAS APPROVED THERE ON MONDAY 9TH AUGUST,MY 1ST MEETING WITH THEM WAS IN THEIR LOCAL OFFICE ON 16TH JUNE AND I RECEIVED MY PROPOSAL FROM THEM ON 11TH JULY, SENT MY SIGNED COPIES BACK ON 23RD JULY,IVE FOUND THEM V SYMPATHETIC AND HELPFUL AND CAN RING THEM AT ANY TIME FOR HELP AND ADVICE.THEY GAVE ME A REF NO TO QUOTE WHEN CREDITORS RANG OR WROTE AND I SIMPLY TOLD THEM I WAS GOING THROUGH AN IVA PROCESS AND THEY HAD TO CONTACT GT GIVING THEM THEIR ADDRESS P NO AND REF NO, THE LETTERS AND PHONE CALLS ARE GETTING LESS SO TRY AND HANG IN THERE,I KNOW ITS V TOUGH I WAS SUICIDAL BEFORE I FOUND THIS FORUM BUT IT DOES GET EASIER AND YOU HAVE SO MANY FRIENDS ON HERE WHO WANT TO HELP AND KEEP U STRONG!
Hi Saddyazz,
I took out a Natwest Step Account. I went into branch and explained I was going to do an IVA. That was a year ago. I have found Natwest fab but some people say they have had trouble opening an account now. It's worth a try as a great account.
IVA started Sept 09. Glad to be on the way to being debt free
Hi sadyazz. When I decided That I was proposing an IVA, I wrote to, and phoned all my creditors explaining that I could no longer meet repayments and stated that I was proposing an IVA through a professional IP. I gave them my IP`s details and asked them to forward any queries or correspondence to them.
Three of my creditors still phoned regularly, one only a couple of times and the rest never made any attempts at phone contact at all.
"When the seagulls follow the trawler, it is because they think sardines will be thrown into the sea".
