www.iva.co.uk

It has been a long day,waiting for the out come of creditors meeting scheduled at 3:30 p.m.,as the minutes passed I was getting really anxious and very concerned.

Phone rang almost an hour later and it was such a relief to be informed by one of my contacts at GRANT THORNTON that my proposal has been accepted with modifications.

It is such a relief after a few hellish months.

The staff at Grant Thornton have been superb for the past few months.Especially Dawn Shelly my original contact recommended by CAB.She has always been a soothing,comforting and reassuring voice.

I have a judgement for claimant in favour of American express,after determination,asking me the full amount of almost 13700 by 27th of july. I have replied asking it to be redetermined at a local court(this was before the meeting of creditors).Now as the IVA has gone through,what would be the course of judgement? Will I stiil have to attend a hearing or as I understand it is covered by IVA.

It is going to be a few days before the Chairmans report is to hand.Do I wait untill then to inform the court or do I write another letter informing them of IVA acceptance.

Any suggestion is appreciated.

Hara.

Your IP will deal with this creditor from now on, so make sure that you send them all of the paperwork you have received.

Well done on the outcome. I know Dawn and she is a very efficient lady. Nice to see her getting some exposure on the forum.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

Dear Melanie Giles,
I mentioned your name to Dawn and she does remember you.

What a lady!

She always,always returned calls and very promptly.

hara.

Congratulations my IVA was approved with GT last Monday. I had to spend that afternoon at work and it was hell waiting for the email to come through, confiming the approval.

Great news Hara well done.

Ang

Hi
It,s always good to hear of positive experiences.
Well done
regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

Great news Hara, all the best with everything in the future.



Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

Well Done Hara, so good to hear another success story!

Best Regards. IVA Experts

Congratulations Well Done! Onwards and upwards xx

What modifications did you get?

Thank you for eveyone's help & Support xx

Dear sarah1975uk,

In Summary,

1) min of 29 p,otherwise deemed default.

2)duration shall not exceed 72 months.

3)4th year open market aluation.

4)Monthly contribtions may then cease to accommodate increase in mortgage payments and the supervisor may take steps to conclude the arrangement having first written to creditors to ensure there are no objections to the iva beingcompleted early.

5)should the debtor be unable to realise his equity in the manner, the supervisor must convene a general meeting to consider the debtor's options.

6)Any windfall,in excess of 500 receied by debtor must be immediately paid over to the supervisor for the benefit of creditors.

These are the main ones.

hara

thanks for sharing that Hara xx

Thank you for eveyone's help & Support xx