www.iva.co.uk

Hi all my final settlement meeting was 10:05am this morning when will i hear the outcome on whether it been accepted or rejected.

Most times you should hear within an hour or two of the meeting time --- oftentimes you need to chase them up, these days. I would be giving them a ring.

Hope it's gone ok.

Hi all just heard from creditfix unfortunately they have rejected our offer gutted..

Mon Apr 27, 2020 12:51 pmsuperted wrote:

Hi all just heard from creditfix unfortunately they have rejected our offer gutted..

Ask them for a report; who voted ( and how) and why, specifically, was it rejected. Was it refused outright -- or has the meeting been adjourned for re-consideration ?

This is the email i had...

Your creditors have provisionally rejected the variation meeting for full and final offer. The reason they have put forward is that they will receive more if the IVA is allowed to continue, as you will make more contributions. The remaining balance as contributions into the IVA is £7,614.00, and the offer made is £6,000.

Hmmm --- they might also have their eyes on the bonus ( if they have been made aware of this) as this would be in excess of the £7.6k CF quote as outstanding payments.

They are not currently aware of the bonus i have gone back with £6,500.

Mon Apr 27, 2020 2:39 pmsuperted wrote:

They are not currently aware of the bonus i have gone back with £6,500.

Good luck -- normally that would be a good offer. I suspect CF are doing you no favours.

yeah thought it was a decent offer will let you know what they say.

Sorry it was rejected - hopefully this one will be accepted.

Good luck with the new offer.