Page 1 of 5
Posted: Wed Apr 25, 2012 7:37 pm
by michael.d
HI
Got my creditors meeting on 3rd may at
11:15.
I got into debt all my own fault and i opted for a iva to try and help me get sorted and get my money in order instead off letting it build up.
i owe £44000 to 4 creditors and am offering 31% back my ip is payplan.
Just getting scared that it will be rejected as it seems a low amount to pay back.
any advice welcome
Posted: Wed Apr 25, 2012 7:40 pm
by Foggy
Hello and welcome. Actually, 31% is a healthy dividend, so there shouldn't be much trouble over that. Payplan wouldn't be putting the offer forward if they thought it wasn't good enough.
Posted: Wed Apr 25, 2012 7:43 pm
by michael.d
Thanks foggy
i now feel a bit better after that was just a bit concerned hopefully i can have a fresh start on 3/5/2012 .
Posted: Wed Apr 25, 2012 7:46 pm
by kallis3
Hi and welcome Michael.
Good luck from me as well.
Posted: Wed Apr 25, 2012 10:23 pm
by kazzafunk
Hi michael - good luck from me to!
If it makes you feel any better we owed £80,000 and our dividend of 18p in the £ was accepted. If your IP has gone as far as arranging a meeting then they will be confident that the best offer is on the table and I think 31p is a great offer!
Make sure you post next week to let us know how you got on!
Posted: Wed Apr 25, 2012 10:27 pm
by dunkynuts
Hi Michael- It doesn't matter what your dividend is - you've made the decision to sort your finances good luck!
Posted: Thu Apr 26, 2012 7:45 am
by Shining
Hi there welcome and good luck for the 3rd. Keep us updated x
Posted: Thu Apr 26, 2012 8:30 am
by footiemad
Hi Michael - welcome to the forum. I'll keep my fingers crossed for you on the 3rd May but as the others on here have said , the dividend you are offering is a good one x
Posted: Thu Apr 26, 2012 9:31 am
by Kelly O
Hi Michael and welcome to the IVA forum,
Good luck for your creditors meeting on the 3rd May, keeping everything crossed for you
Posted: Thu Apr 26, 2012 11:51 am
by Gemma Burton
Hi Michael and welcome to the forum. Good luck with your meeting on the 3rd, I can assure you that we wouldn't be putting your proposals forward if we didn't think they would be approved.
Remember I am here to answer any queries that you have, let us know how you get on
Posted: Thu Apr 26, 2012 1:29 pm
by Claire.37
Good luck for the f&f on the 3rd May. [:)]
Posted: Fri Apr 27, 2012 8:16 pm
by michael.d
I have just looked at my forms and made a mistake my meeting is on the 2nd which is a day earlier so 1 less say to wait
Posted: Fri Apr 27, 2012 8:23 pm
by Shining
Good luck for the 2nd then, like you say one less day to wait than first thought. x
Posted: Sun Apr 29, 2012 1:14 pm
by key310865
my IVA was accepted with less of an offer,, you will be fine , some creditors will have already voted
Posted: Sun Apr 29, 2012 1:20 pm
by kallis3
Good luck for the 2nd from me as well!