www.iva.co.uk

Creditors meeting is booked for the 30th August, I'm starting to get anxious and worrying again that the proposal will get rejected.
2 out of 3 of the creditors hold more that 25%, so a no from one of them will fail the IVA. [xx(]

Fingers crossed!

Hi, good luck for the 30th August, keep positive thoughts. x

Best wishes for the 30th ! I am sure your IP will be confident - they would not have suggested this route if they were not ... try and stay busy ...easy said than done I know, but by the 31st August I am confident you will be in an IVA and on the journey to debt freedom x

I know they say that you need a certain percentage of creditors to agree to the IVA for it to be passed but with ours it was only the creditors who turned up to the meeting who voted.
As it was only half turned up so the actual figure that agreed to the IVA was around 42% of the overall debt so if not all turn up to the meeting it may not be as bad as you think..

Hardest part is keeping busy on the actual day, we had to be available in case they needed to call us, had to wait until 7.30 before they rang to say it had been passed but with modifications, it was a long day but well worth the wait..

Best of luck...

You've already achieved a lot by getting this far. In the scheme of things another couple of weeks is nothing and it'll all be resolved once and for all. These are the things I keep on telling myself (my meeting is booked for 29th Aug!). My IP also confirmed that they often receive votes in the day(s) prior to meeting date so it might be worth a phone call the day before to see if any have come in yet??
Good luck x

Hi,

Good luck for the 30th August.

The 75% vote count will be based on creditors that actually vote, not all your actual creditors.

For you to have a creditor meeting booked, your Insolvency Practitioner would have conduced a detailed assessment of your circumstances and drafted the proposal based on this assessment. If your IP did not feel that your IVA would be approved he/she would never have proposed it in the first place.

Try not to worry too much (easier said then done) as most IVAs that are proposed to creditors usually get approved.

Good Luck!

Good luck I know the waiting is the worst part having just been thought it - had all the same thoughts worrying it would be rejected but my IP made sure I knew they wouldn't just leave me even if that did happen BUT the IP wouldn't have proposed it without being confident it would be accepted. You've done the hard part good luck fingers crossed for you. .

Nearly there... Less than 12 hours to go

Luigi,

Every one of us in an IVA has been where you are now, we`ve all had the same gut wrenching, fearful thoughts approaching our creditors meetings.

It`s very rare indeed that creditors reject an IVA proposal, as this is generally the route via which they will realise more.

As has been posted previously, if your IP did not feel that your case was viable they would not have drafted your proposal.

I know it`s easy from where I sit Luigi, but try and chill a little, I`m sure it`ll be right.

Wishing you the best of luck tomorrow Luigi - and do make sure you tell us the result as soon as you get it. I am sure you will be celebrating tomorrow evening.

Good luck for later, be looking out for an update later. x

Good luck for today Luigi!

We are keeping everything crossed for you today Luigi

Good luck Luigi