Well we've finally got our creditors meeting 2 weeks tomorrow at half 10 in the morning and the nerves are setting in. What are we going to do if it doesn't get accepted? That is our biggest worry. Weve had a letter today from one creditor saying we owe them nearly £2000 immediately and several letters from others telling us that will sell our account to debt collectors if we don't pay up.
So basically we are both worried about the IVA been rejected. What are the chances of this happening?
Hi, please try not to worry but it's completely natural to have a nervous time in the build up to the creditors meeting of what if's etc., I think we've all been there.
Your IP wouldn't put anything but the best offer on the table to the creditors so hopefully the creditors will vote favourably for the IVA.
Let us know how you get on won't you? x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Most IVAs are accepted these days, and if you have a well researched proposal presented by an IP firm with a good track record, the changes of failure are very slim. If you believe that you are putting the best offer forward, then your creditors will believe this as well.
Thanks for that Melanie, it is your firm we are with so hopefully it will go through. And your right, I do believe it is our best offer so it should be accepted.
We're with Melanie too. We were in your position not so long ago and that was my constant worry. Melanie and her team are brilliant so you have no worries there. I think the fear you feel is everything is out of your own hands and you cannot influence the decision.
Believe it or not these two weeks will race by and hopefully we will be congratulating both you, Melanie and her team soon.
As Mel wrote, everything crossed x
The future's bright, the future's debt free. In 72 months to be exact!
