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Posted: Wed Mar 04, 2015 8:17 am
by El Presidio
It's finally come around, the creditors meeting is today!
Im shaking already, they have booked it for 10am.
How long does it usually take to come to a decision?
Posted: Wed Mar 04, 2015 8:19 am
by Foggy
About half an hour if no-one makes any changes. But they sometimes take a while to get back to you.
Good luck !
Posted: Wed Mar 04, 2015 9:05 am
by Adam Davies
Hi
Good luck for today
Many votes are cast early and will already be with your IP
Regards
Posted: Wed Mar 04, 2015 9:22 am
by welshwiz
Good luck
Posted: Wed Mar 04, 2015 10:10 am
by plasticdaft
Best of luck for you.
Paul
Posted: Wed Mar 04, 2015 11:55 am
by El Presidio
Cheers guys, still not heard anything yet. Sat at work tapping my pen furiously!
Is this a bad sign?
Posted: Wed Mar 04, 2015 11:59 am
by No_Money
Not at all... I had to be available for a chat on the phone on the day but I called the. Instead and all votes were in the day before
Posted: Wed Mar 04, 2015 1:06 pm
by clanger
mine was at 10.00......didn't hear until 14-30, hope all goes well
Posted: Wed Mar 04, 2015 5:55 pm
by luluj
Any news yet ? Fingers crOssed X
Posted: Wed Mar 04, 2015 6:28 pm
by El Presidio
So "good" news, it's increased by 60 pounds a month. I'm going to think it over!
Posted: Wed Mar 04, 2015 6:49 pm
by Foggy
What have they tried to cut back on ?
Posted: Wed Mar 04, 2015 6:54 pm
by luluj
Thats alot to increase it by ..be sure you understand fully the implications And the cuts that would be needed to accomodate this ... best to think now then agree to something that may be difficult later.
Posted: Wed Mar 04, 2015 7:22 pm
by El Presidio
I don't yet know. I've asked them to call me back tomorrow!
60 pounds is a lot. But my other option is bankruptcy. I'm seriously considering it at the moment!
Posted: Wed Mar 04, 2015 9:09 pm
by Shining
£60 is a lot to lose per month from a budget and I'm sure you'll think this over very carefully before accepting the modification.
I wonder how they justify this amount. Whatever you decie all the best from me.
Posted: Thu Mar 05, 2015 8:17 am
by longslog101
The £60 extra is a lot when reading your historical posts you said the spare that you had was £80 a month, a whopping 75% increase if that's what your proposal said was spare !!
Does your practitioner think its reasonable or do they think they should challenge it ? I'm presuming they would still make more on your original proposal than bankruptcy ?
As everyone else says, no point in committing to an IVA that has a high chance of failure during the term, your household bills are only going to go up with inflation rather than fall and will your pay increases outpace those increases ?
Hopefully your IP will challenge this £60 extra if they don't believe it is achievable, and more importantly if you don't think it is sustainable.