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Posted: Mon Sep 03, 2012 3:55 pm
by iambroke
Is it common for IVA's to be accepted even with some modifications or do a lot of them get turned down by the creditors so your then back to square 1 ?
Posted: Mon Sep 03, 2012 4:02 pm
by Niobe
I've not read of a rejection on here in a long time.
Posted: Mon Sep 03, 2012 4:47 pm
by mothergoose
Its ours this week so fingers crossed i am not in the percentage that get turned down..The waiting is awful and everything seems to be such a mess..Trying not to think about it..But you cant help it no matter how many times you push it out of your mind it comes back.
Posted: Mon Sep 03, 2012 4:50 pm
by MelanieGiles
Around 90% of all IVA proposals put forward now do actually get accepted, and a lot of firms work to much higher results as well. In my own firm we get over 98% of cases presented accepted by creditors - usually with some form of minor modification.
Posted: Mon Sep 03, 2012 4:55 pm
by iambroke
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by MelanieGiles
Around 90% of all IVA proposals put forward now do actually get accepted, and a lot of firms work to much higher results as well. In my own firm we get over 98% of cases presented accepted by creditors - usually with some form of minor modification.
hmmmmm only 98% [:D]
Posted: Mon Sep 03, 2012 5:30 pm
by MRBLUESKY
No improvement there then Mel it was 98% a few years ago! [:D]
Posted: Mon Sep 03, 2012 6:49 pm
by MelanieGiles
It can be difficult with HMRC being sometimes very anti-voluntary arrangements, where I guess we get the majority of our rejections from.