Hi all, any ideas how long the credit meeting takes ?

[Julie.04]

Hi all, any ideas how long the credit meeting takes.

[Michael Peoples]

It is a virtual meeting and should only last about 15 minutes.

[Julie.04]

thanks Michael, my creditors meeting is today at 11, and god do I feel sick, going to be the longest morning ever.

[Foggy]

The meeting, generally, takes minutes. However, depending upon who is working on your behalf, getting informed of the outcome can take longer.

Fingers crossed for you.

[Michael Peoples]

It is likely that most if not all votes are in by now. If there were problems, queries or rejections your IP would probably have been in contact already so hopefully 'no news is good news'. Let us know after the meeting and best of luck.

[Julie.04]

freeman jones just rang me to say all creditors have accepted except for one which is everyday loans, and they hold majority of debt as they included all the interest on the debt. however my ip advisor has said that everyday loans want to go over my proposal again so it has been left open till Monday, as she said their thinking about reconsidering. I'm not hopeful but I'll keep fingers crossed, really need them to accept or iva wont go ahead. going to be a hell of a long weekend.

[Michael Peoples]

Hopefully everything goes well and Everyday loans accept. Best wishes from me.

[Julie.04]

so fed up, everyday loans are a nightmare were meant to get in touch on Monday once they had gone over the proposal again, my ip has been constantly trying to get in contact, she finally did yesterday he said that he hadn't received the paperwork so she faxed it to him while still on the phone, he then said he would look at it again and ring with decision in the afternoon, rang me last night to say they probably are not going to accept and want me to do a dmp, my ip said an iva is the best option for me and said to him that if its not accepted ill probably try bankruptcy. ip is trying to speak to their head office as she is not getting anywhere with the manager which is my last hope of iva being accepted. I think their holding out till Monday as that's when their payments due. any ideas anyone so down at the minute with all this messing about.

[Michael Peoples]

Clearly your IP is trying her best and hopefully she will get a result. However, if not, take her advice and if that means bankruptcy you should do so with your head held high. You made your best offer which was rejected by creditors and it does ask this on the bankruptcy paperwork.

[ClareSilver]

Everyday Loans are notorious for not accepting IVA proposals unfortunately. It's not uncommon, if they hold a majority vote, for them to reject in favour of a DMP. Sorry to be the bearer of bad tidings.

[luluj]

Stay positive ... Its not over yet x

[Julie.04]

thanks for reply's

I am going to consider bankruptcy if iva is turned down, but worried my job will be affected. I work with vulnerable adults in a day service

[Michael Peoples]

Hopefully this is not a problem but contact HR on a 'no names' basis or speak to the union if you have one.