www.iva.co.uk

Hi all!
I've been reading your forum for a couple of weeks now since I bit the bullet & admitted my debts. I'm in the process of applying for an iva (creditors meeting 14th March!!) and am on such an emotional roller coaster - I'm shaking just typing this message! It's a joint iva with my hubby. Just need to know if the feelings I'm going thru are normal. One day I'm on cloud 9 cos I think I've finally found a way out of the tunnel, then the next day I'm scraping myself off the floor cos I think why should they accept me, I'm not a person who gets things like this. At least it's helping my waistline tho, lol!!!

Hi,
I feel the same way, its such a nerve racking process, but as my IP said, they would not take on your case if they did not think there was a good chance of being accepted. Thats what i repeat to myself :)I have sent my proposal back but have not got my date yet. I think everyone has mixed emotions at this point so you are not alone

Hi Worryhead

Thanks for your reply. I too keep hearing that voice inside my head saying they wouldn't go through with it if they didn't think I had a chance - but then the doubting side keeps saying what if???
I'm expecting my husbands iva to have mods cos his offer is only 27p/£ - mine is 47p. We could increse payments slightly so that is a look on the bright side I suppose.
I've started a book listing all my outgoings and incomings as they happen, and also one working a month in advance so I know where we are heading - is this a good idea or am I jumping the gun before the decision?[?]

It cant hurt to be prepared i think thats a really good idea, its always best to be prepared, might even pinch your idea for myself Mine has has been offered at 35p/£, i could maybe go up a little but not much. i think your being extremely sensible. At least you know what you can spend. That was my problem before, credit cards where to handy so i never budgeted, just spent as and when. At least we realise now and are doing something about it.

Pinch my idea if you want - i'll just charge royalties then I can pay a a bit more to my creditors!!! lol. Might even patent the idea!
What is the success rate for ivas? Or do i really want to know that? I'll just start worrying again. Just wish Friday would hurry up and come. If an iva gets rejected, can you try again at a later date?

Hi there rollercoasterride.
All your feelings are quite the norm. I remember thinking all the time that mine wouldnt be accepted, hubby was the opposite optimistic as always. If you are making your best offer and it is a good solution for you there is no reason to expect failure. either way you will sort things out and will achieve being debt free because you want to.
Not long now you will be fine. we are always here if you are having a bad day.

Ang xx

There are some fantastic people on this forum - I'm so glad I found it. Thanks for your words ang, I know I probably sound like a whinging spoilt child but I do need reasurrance in just about everything I do!! I'll probably be asking questions all the way now, and if I do, you'll have to forgive me and be patient!!

Hi rollercoaster ... welcome to the forum.

Your feelings really are quite normal ... and your username reflects the whole journey ... it is an absolute rollercoaster! But, certainly in my case, one which brings much personal gowth and wisdom ... and ultimately, I hope, peace of mind.

Please stay in touch with the Forum now you have found us for it is people like youself ... and me ... and the others ... who can find support on our own rollercoaster ride ... but also, perhaps more importantly, offer support to others at the same time.

Are you anywhere near Birmingham? Only we have the making of a good shin dig on 29th March at The Britania Hotel.

All the best

Debbie

Hi Soulgrowth

Unfortunatley I'm not near Birmingham - or not near enough to be able to travel there and back in a day and save money on accommodation lol!!!

Thanks for your words too. I hope that I too will have peace of mind at the end of this. I just feel so guily at the moment, especially as my daughter, who doesn't know anything about our situation, could end up suffering for our stupidity. It's gonna be hard telling her she can't have things she asks for (not that she gets everything she askes for now), but hopefully it'll teach her in the long run that you have to save for things and only get what you really need. I did my supermarket shop yesterday, and visited 3 supermarkets looking for bargains. I felt so good when I found things that were cheaper than I normally pay!!! I got a lot more things AND saved money too!!!!

Well done, see you are learning to budget already. I was quite good pre iva as we struggled for years just to make minimum payments, but now I am even better as the extra I save I get the benefit of. Ther are loads of posts on budgeting, have a look through the posts, you answer loads of questions just by reading, the blogs are a good way to see how peoples journeys are going and give some idea of what to expect. You ask away ther are always questions that will keep popping up.

Ang

Hi rollercoasterride

I am feeling exactly the same as you. We have our meeting on Friday 14th March too and part of me wants it to hurry and be over and the other part doesn't want it to come as I am scared of the outcome.
This forum has been a great source of support for me and I am sure it will be for you too.
Lots of luck for Friday lets hope things go our way and we can look forward to a debt free future!![:)]
What time is your meeting? Ours is at 12pm.

It's a great feeling when you find a bargain isn't it! I feel quite annoyed now when I can't find the outfit I need in a charity shop and have to buy it new! [:)]

And, don't worry, Andy has a veritable 'roadshow' going now as he moves around the country ... so I am sure that there will be a show coming to your town soon [:D]

Debbie

Hi Rollercoasterride
Just wanted to say welcome and good luck for the 14th
Regards

Our meeting is at 11.00am, so just before yours, sblack. Good luck for yours - I'll be thinking about you, even tho my main thoughts will be on my own result (I don't mean to sound selfish there but you know what I mean).

What sort of things can creditors vote no for? I know the IP wouldn't have even put us forward if they didn't think we stood a chance, but other people have been refused before haven't they? Or has that been before a meeting has even been set up? It's a bit confusing for me at the mo!

I know what you mean rollercoasterride I don't think we will be able to think of anything else on Friday!!

With regards to why proposals are rejected there doesn't seem to be a set rule but from reading the posts on here I do think a lot depends on who your creditors are and on your IP and as you say they would not put forward your proposal if they didn't think it had a chance of being accepted.
We are with Melanie Giles who does have a great track record! Who are you with?
Thoughts are with you [:)]