IVA Fail & BR imminent

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toolbox

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Post by toolbox » Mon Sep 16, 2013 9:21 pm
Well after 2 x unsuccessful attempts to get a F&F, the creditors will have another meeting in October to decide my fate. They refused to accept the offer of a Full and Final knowing well I can't possibly continue to pay the amount as was agreed originally because of a change of job. Stress levels about to rocket once again, you gotta love it NOT :-(
 
 

Tina Shortland

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Post by Tina Shortland » Mon Sep 16, 2013 9:37 pm
Hi Toolbox - sorry to read the results are not going well, lets hope the October meeting has a better outcome. Have you been given specific reasons as to why the F&F was rejected and by whom?
Regards, Tina Shortland, Debt Advisory Manager for Melanie Giles at Debt Advice TV.

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toolbox

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Post by toolbox » Mon Sep 16, 2013 9:50 pm
Yes, the % yes to no was less than the 75% required. This next meeting is to decide on the following options@
Issue a Certificate of Termination
Petition for BR
Vary the terms
Take no action.

Since I can now only afford about £25 pm I made a F&F for £2200. No joy!! Sometimes I fail to see the logic in it all, sorry now I didn't jsut go BR at the beginning.
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