www.iva.co.uk

Posted: **Fri Dec 04, 2015 9:54 pm**

How long does a creditors meeting take?
Mine is up to 10 days and I still don't have a decision!

Posted: **Sat Dec 05, 2015 5:20 am**

A creditirs meeting is normally on the agreed date with an extension of a few days if creditor votes need to be worked on if initially they do not give 75% of the vote in favour to accept the iva proposal.
I would have hoped after 10 days a decision was known .. have you phoned your IP for an update ? I think I would be phoning daily if it were me now ...

Posted: **Sat Dec 05, 2015 8:59 am**

Hi and welcome,

I agree wih Luluj - you need to chase this up asap. Which company are you with?

Posted: **Sat Dec 05, 2015 9:19 am**

Hi,
Im with Carrington George.
Im in the process of a self employed IVA and its my first time to have debt problems so im not sure what to expect!
Thanks for your repies!

Posted: **Sat Dec 05, 2015 9:23 am**

I is definitely the creditors meeting or was this the initial stuff?

Posted: **Sat Dec 05, 2015 9:36 am**

Yes my creditors meeting was at 11.00am 24/11/2015

Posted: **Sat Dec 05, 2015 9:45 am**

You should certainly have heard on the day and by the following day at the latest. If there were problems they should have phoned and spoken to you about them.

Chase them up on Monday.

Posted: **Sat Dec 05, 2015 9:51 am**

Thanks.
Some of the creditors wanted me to sell my vehicle and cancel my sickness policy so as to provide more disposable income!
The vehicle is not worth very much and I need this for work and the sickness policy is very useful and I needed this for a recent operation.
Thanks for your quick replies.
I will ring them Monday morning and will let you know the outcome.
Thanks

Posted: **Sat Dec 05, 2015 10:00 am**

My company tried to get me to sell the car as well but we refused. They can be sticklers for insurance policies though!

Posted: **Sat Dec 05, 2015 10:07 am**

Ok i see!
I have used the insurance quite a lot as I needed a hip replacement that nhs refused to perform as Im too young, so I may have grounds to keep this with another operation in the pipeline?

Posted: **Sat Dec 05, 2015 10:18 am**

You may well do but stress this when you speak to them.

Posted: **Sat Dec 05, 2015 10:21 am**

Yes I have already made it clear to them.
Its been a tough year but the health care has helped.
Im ready for a decision!
Debt is a bit like quicksand!

Posted: **Sat Dec 05, 2015 10:36 am**

Certainly is!!! Hope the operations work out ok and you are back to full health soon.

Let us know how you get on next week.

Posted: **Sat Dec 05, 2015 2:19 pm**

#128077;
Yes will do and thank you!#128515;

Posted: **Mon Dec 07, 2015 9:07 am**

You clearly use the policy so it is unfair to ask for it to be cancelled. It may be an idea to offer an extra few payments on to the end and ask to keep the policy as it would be very difficult if not impossible to replace.