www.iva.co.uk

I have my R3 interview today, just wondered if anyone could shed any light onto what is actually discussed.

Thanks again.

Hi
I think your IP will go through all the possible debt solutions available to you so that you can agree on the one that you are happy with.
Regards

is the r3 my IP then?

sorry to appear thick.

The R3 helps you understand what is involved in an IVA before you commit yourself and covers a number of things including, what an IVA is, what Bankruptcy is, the IPs responsibilities and the fees and costs etc...

"R3" interview is a strange term to call your meeting with your IP. Which firm are you using?

Just finished on the phone. The R3 wasnt my IP she told me who my IP would be and went through the whole process of what will happen etc. She says I am a far way through as I have sent all documents back, had a valuation and my case officer is the process of typing up proposals.

Melanie, I am with Payplan. They say "if" it is rejected then I would stay in the DMP for 6 months then they would reapply. She doesnt think for a minute it will but I asked the question.

I didnt realise that if only 1 creditor votes then it is carried through as a 100% vote and the others have to abide by the IVA. Is this over a certain amount of the debt?

Thanks again for your replies.

Hi
If only one creditor votes and they say yes then your IVA will be accepted regardless of the amount owed to that creditor
Regards