what does declaration of dividend mean ?

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Michelle.8

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Post by Michelle.8 » Wed May 02, 2012 5:37 pm
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what does declaration of dividend mean at the end of my letter it says total -1,838.37 does this mean i can offer that or less as a settlement
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kallis3

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Post by kallis3 » Wed May 02, 2012 6:26 pm
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Which letter is this Michelle?
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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Michelle.8

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Post by Michelle.8 » Wed May 02, 2012 7:32 pm
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the recent letter my iva sent me i think its a anual letter they send to my creditors , and also a copy to me
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kallis3

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Post by kallis3 » Wed May 02, 2012 7:36 pm
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Maybe it's what has been paid out to your creditors this year? Take it up with your IP.
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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Michelle.8

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Post by Michelle.8 » Wed May 02, 2012 9:11 pm
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u know what i got 10 months left on my iva , morgage gone up really cant afford both asked morgage to help me but they cant thinking of going bankrupt and starting fresh let them take my house i dont care anymore making me ill me and husband on verg of splitting up and cant talk to my ip they dont help ahhhhh
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kallis3

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Post by kallis3 » Wed May 02, 2012 9:16 pm
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You need to speak to your IP asap!! Your IVA should not fail now after all this time.

Your mortgage company may not be able to help but your IP probably can.

Please either email them or pick up the phone.

Which company are you with?
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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MelanieGiles

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Post by MelanieGiles » Thu May 03, 2012 12:27 am
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I suspect that figure is the amount that creditors have been paid within the year covered by your annual report, but do call them to check to be sure.
Regards, Melanie Giles, Insolvency Practitioner
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GilliB

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Post by GilliB » Thu May 03, 2012 4:31 am
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Hi Michelle. Kallis is right - please contact your IP asap. Your IVA shouldn't fail so close to the finish, and could you find £700 for bankrupcy? Things are terrible for you right now, but there has to be a workable solution for all parties. If your IP knew you were considering bankrupcy, I bet 'communication would change'. Even if you don't want to talk personally, send an email/letter stating everything. A lot of peeps on here are really routing for you, and some may have experienced similar, and found a way through it. I really wish the best for and hubby. X
IVA journey started: 30th March 2009. Settled: 17th July 2012. Completion Certificate received: 13th March 2013. Breathe. x
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