Proposal has arrived

[kazzafunk]

What a relief - got our proposal today. Michael got things moving for me as I was stressing a bit. Lower dividend than I anticipated but still higher than BR so hopefully creditors will consider it seriously. Now I can relax over the weekend and get the paperwork returned next week knowing we are getting to the serious bit!!

[kat68]

Good luck kazza, you will soon be where you want to be

[nepensioner]

Thats brilliant Kazzafunk, one more step on the road...

[Broke of London]

That's great news kazzafunk xx

[littlefi]

Phew what a relief! Give it a good read, there's a lot in there and worth reading properly.

Our dividend was quite a bit lower than I thought but I'm also hoping that they'll take it seriously given that's the best offer on the table, so fingers crossed for you too.

Not long now, once that paperwork is back you'll get your meeting date.

GOOD LUCK!

[Mikee]

Wonderful news! Good luck!

[TeetersOnHeels]

Glad you've got your proposal, now you've got the weekend to read and re-read..won't be long now til you get a meeting date..will have my fingers crossed!

[4kidsnocash]

We had ours yesterday too, going to give it a good once over the weekend so the courrier can collect on Tuesday, then it's aqueeky bum time.

[kazzafunk]

Yes my stomach churned a few times when I saw it all in black and white. But it states quite a few times that we have no assets and bankruptcy would give a smaller return then all our creditors have a choice and I know what I would go for out of the 2 options if I wanted as much back as possible

[Rosepetal]

Hi, well done to you, you're a way through this now, that hits you as you read new posts with people scared & making 1st steps.

it will soon come round,big hug x

[Judo]

Ooh kazza. Just caught up with this. Things are moving along now. Fingers crossed for a date soon! *big hug* xx

[kazzafunk]

Thanks all. Have read it once, put it in a drawer and going to have a weekend without thinking about it now as all looks ok. Will sign it monday night, then post it back tuesday. Got to go and see my baby goats tomorrow as they are coming in 3 weeks

[langerbridge]

Hi kazza, this is when I found it hit home. Comparing the IVA to BR % for creditors return. If they can see it's a good & your best offer then no reason to refuse. Good luck hopefully by July you will have started the long road of an IVA.

[MrsKnight]

Sorry Kazza - just catching up.

Dont worry about the lower dividend, your proposal would not be in your hands if your IP did not feel it would be accepted.
I think it really does help to have a good read & ensure you understand everything. Enjoy your weekend & if your happy sign & post it on Tuesday first thing x

[Rosepetal]

Hi, our situation wasn't great- so keep hope. it kinda makes you sad to see the mess compared to what you can afford,very sobering read. you're on your way to getting sorted now,hang in there,big hug x