www.iva.co.uk

Posted: **Thu Apr 30, 2009 8:24 pm**

Hiya, im new to this forum but i thought id join the site to ask for some advice. I have a meeting set up on the 7th May to hopefully set up my IVA, but as im sure everyone is, im extremely anxious, as im not sure if it will be accepted as one of my creditors is the RBS and ive read that they arent that accepting of IVA's.And they hold 75% of my debt.

Posted: **Thu Apr 30, 2009 8:27 pm**

Hi and welcome to the forum.

Best of luck with your creditors meeting. I can't offer any advice regarding RBS but Im sure an expert would be able to advise.

Posted: **Thu Apr 30, 2009 8:29 pm**

Hi, welcome to the forum. I also have my creditors meeting on 6th May so pretty close together. I am sure your ip would not put a proposal together if they thought it would not be approved. Who is your IP out of intyerest.

Posted: **Thu Apr 30, 2009 8:32 pm**

Hi and welcome from me as well. I can't offer any advice regarding RBS other than to say have faith in your IP as they wouldn't have put your proposal forward if they didn't think it would be successful.

Good luck, and keep posting as there's always someone here for a chat or some advice.

Posted: **Thu Apr 30, 2009 8:36 pm**

Thankyou for all your replies. My IP is Blair Endesly (Sp*). Theyve been great so far. Not sure what my options are if it doesnt get accepted ???
Thankyou for all your replies

Posted: **Thu Apr 30, 2009 8:37 pm**

Welcome along. Which company is putting the iva to your creditors?

Posted: **Thu Apr 30, 2009 8:38 pm**

Welcome from me as well.

I had a loan and a credit card with RBS and they voted yes for me.

Posted: **Thu Apr 30, 2009 8:39 pm**

They wont put forward a proposal they dont think will be accepted,so fingers crossed for a good outcome to your meeting.

Posted: **Thu Apr 30, 2009 8:41 pm**

Thankyou, its going to be a tough week, but fingers crossed the outcome will be good.Thankyou for all your swift responses and reassuring comments

Posted: **Thu Apr 30, 2009 8:48 pm**

Can anyone tell me what options are available if my IVA doesnt get accepted??? sorry for the panicing post! :-s

Posted: **Thu Apr 30, 2009 8:51 pm**

Don't worry about posting!

If your IVA isn't accepted you'll be back to square one, so your choices would be a DMP or bankruptcy. I'm sure it won't come to that though x

Posted: **Thu Apr 30, 2009 8:51 pm**

If it isn't accepted, then you can do a Debt Management Plan. You will pay your creditors back in full, but over a longer period of time and there is no guarantee that interest and charges will be frozen.

Other than that there is just bankruptcy (which isn't as bad as it used to be).

I'm sure it won't come to that though.

Posted: **Thu Apr 30, 2009 8:51 pm**

You could do a DMP or go bankrupt. Dont think like that though...think positive it will be good news.

Posted: **Thu Apr 30, 2009 9:00 pm**

Who told you that RBS do not accept IVAs? In my experience they are one of the most supportive creditors.

Posted: **Thu Apr 30, 2009 9:10 pm**

Natwest were my biggest creditor and they voted yes. They were also one of my more helpful creditors.