If your F&F is rejected

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Skippy

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Post by Skippy » Tue Feb 10, 2009 7:03 pm
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Good luck with getting this sorted out Popcorn, I hope you hear from your IP soon x
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popcorn

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Post by popcorn » Wed Feb 11, 2009 1:39 pm
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I phoned again today and a guy called Dave Berry is going to call me sometime after 11 today. Fingers crossed !
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kallis3

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Post by kallis3 » Wed Feb 11, 2009 2:40 pm
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At least you've got a name now popcorn!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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popcorn

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Post by popcorn » Thu Feb 12, 2009 10:22 am
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I have spoken to someone now. I just need to get my parents' to write a letter to say that they are willing to give me the money and then they can put a proposal together. The guy said it looks quite good. I was originally paying back £17,000 from a £50k debt, I have paid £4750 already and I'm offering £16,000. I do have a 4th year equity clause though but fingers crossed it's an okay offer.
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Michael Peoples

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Post by Michael Peoples » Thu Feb 12, 2009 11:36 am
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Sounds a very fair offer and good luck with it.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
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If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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kallis3

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Post by kallis3 » Thu Feb 12, 2009 4:06 pm
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Good luck popcorn, let us know how you get on.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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David Mond

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Post by David Mond » Thu Feb 12, 2009 5:53 pm
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Sounds a good offer - good luck from me too.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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popcorn

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Post by popcorn » Thu Feb 19, 2009 3:41 pm
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I now have a date - woo hoo. It's 19 March at 10.15am. Apparently I am now offering 26p whereas it was 22p before so fingers crossed. I'll let you all know how it goes. Can't believe I could be debt free for the first time in 15 years in a month's time.
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kallis3

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Post by kallis3 » Thu Feb 19, 2009 3:58 pm
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If you are offering more, then that sounds good to me.

Good luck for the 19th. I've got my fingers crossed.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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popcorn

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Post by popcorn » Fri Feb 20, 2009 10:07 am
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Thank you !!

One question though - if my F&F is accepted on the 19th, BE say that I have 3 months to pay the money. This is great as my parents will be able to hand a cheque over on 1st May. So, my question is, do I pay the 1st April and 1st May IVA payment or, once it's accepted, stop paying. This money will definitely be available then.
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David Mond

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Post by David Mond » Fri Feb 20, 2009 11:11 am
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It depends on the wording of your F&F offer - if in doubt check with your IP.

I would think the monthly would continue - but you never know it might be counted towards the lump sum.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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