www.iva.co.uk

Posted: **Mon Apr 21, 2008 4:27 pm**

Wow, what a relief!

All creditors who voted apparantly voted yes, apart from London Scottish who didn't bother to reply. Can't do a breakdown at the moment, but will do so when I get the chairmans report.

We really thought that mine would be refused or have to have a lot of modifications, but all they have said is that I have to pay 10% of overtime etc.

We have to have a further property valuation in the 5th year, but if there is less than £5,000 equity for each of us then the IVA is written off without us having to take out a remortgage. If we cannot remortgage, then the IVA will be increased for a year.

I am so pleased as I thought we would be stung for more money per month and we haven't been.

We also cannot go more than 3 months in arrears, which I don't intend to do.

God, I can't believe we have come out the other side of the nasty letter syndrome! No more phone calls from Mercers!

Thanks to everyone for your good wishes this afternoon. I will keep on posting as I know how important it is to have a good support network

Posted: **Mon Apr 21, 2008 4:29 pm**

well done Kallis excellent news !

Posted: **Mon Apr 21, 2008 4:29 pm**

Told you eh?. That's brilliant news. Have a great night celebrating. X

Posted: **Mon Apr 21, 2008 4:30 pm**

Woo hoo. Congratulations Kallis. Good nights sleep for you then at last.

Sue

Posted: **Mon Apr 21, 2008 4:31 pm**

Well done Kallis.......what a relief eh?

Posted: **Mon Apr 21, 2008 4:33 pm**

Congratulations!! x

Posted: **Mon Apr 21, 2008 4:34 pm**

Great news Kallis,
Well Done

Posted: **Mon Apr 21, 2008 4:37 pm**

We are on Cloud 9! I have often read on here about how people feel after their meetings, but you just cannot describe it properly. I feel as if I am starting the rest of my life.

Posted: **Mon Apr 21, 2008 4:40 pm**

WEll done, its a good feeling is'nt it ?
Also only having to pay 10% of overtime is good too, normally its 50%.

Posted: **Mon Apr 21, 2008 4:44 pm**

Fantastic news kallis, weight off your mind, next time Mercers ring, you'll have something very positive to tell them !

Posted: **Mon Apr 21, 2008 4:50 pm**

Great news Kallis,
xx

Posted: **Mon Apr 21, 2008 4:54 pm**

I am looking forward to Mercers ringing and will take great delight in telling them my news.

I think he said 10% about the overtime but my husband has just muttered about 50% so perhaps I misheard. I will know when the chairmans report gets here and will post further on that. I don't get to work much overtime (only if I am called out, and that is exceedingly rare, twice in 4 years!), don't get a bonus or commission. I can work a couple of Bank Holidays a year but I can do that for payment or time, so will probably do it for time.

I can win up to £500 on the lottery as well. I wish!!!!!!!!!

Posted: **Mon Apr 21, 2008 4:54 pm**

Fantastic news Kallis.
k.

Posted: **Mon Apr 21, 2008 5:00 pm**

The light at the end of the tunnel has been switched on.

Posted: **Mon Apr 21, 2008 5:08 pm**

oh i'm so pleased for you.. brilliant!!

www.iva.co.uk

Approved!