IVA Creditors Meeting

kdean · 12 April 2007 at 6:32PM

I have today received notification of my IVA Creditors Meeting on 8th May. It says in the letter that i do not have to attend but creditors may want to speak to me and they may want to give advice. The meeting is in Blackburn and I live in Herts so it is not a very short journey. Have others attended their meetings and what was the outcome either way. Is it worth me spending the money on travel to get there or would telephone conferencing be enough? Help much appreciated thanks

Also how long after the meeting is it peoples experience things get sorted?

N71 · 12 April 2007 at 6:39PM

Hi - i went through this last year.

I spoke to my IVA company and they said i didn't need to attend the meeting, but should be available by phone if anyone needed to speak to me.
Nobody needed me!

After the meeting, and it was agreed, I had to make my first payment by cheque to the IVA provider, then the direct debit was set up for the following month.

I hope you've already set up a new bank account, and rearranged your rent/utilities direct debits. My existing account was frozen pretty much immediately.

GirlRacer_2 · 12 April 2007 at 6:44PM

I had an IVA in 2000 and I live in South Wales and the meeting was in Gloucester. I was advised that I didn't need to attend but would need to be available via phone. I did attend and sat around the big massive table was me, OH and the IP. Nobody turned up, they all just agreed with the IP proposal.

I must admit I found the whole experience totally intimidating. I managed to get out of my IVA as I had quite a sum of money left to me, so only managed to stay in the IVA for approximately 18 months.

kdean · 12 April 2007 at 7:07PM

thanks for replies. Yes i have switched bank accounts. I have been trying to get this sorted now since September last year. We have had to sell up and move into cheaper rented accomodation and we learned how to live on a very tight budget ages ago. Also just had a baby (which put tax credits up thankfully) so things are extremely strained until it all gets sorted. Just want to get it over and done with now.

sarah1975uk · 21 April 2007 at 10:20PM

if you dont tell them about a bank account can they or do they find out??

blownalot · 22 April 2007 at 5:35AM

I didn't attend mine but they needed to speak to me several times before mine was approved. Finally got approved with 75.3% voting in favour of it.

loopylass81 · 22 April 2007 at 9:46AM

I didnt attend mine I just phoned about an hour later to find out the result!! They had a couple of questions but they did agree to it!!! It isnt a nice experience to go through..

good luck

james32_uk · 22 April 2007 at 12:21PM

Don't go. Will have absolutely no bearing on the outcome. Just be by the phone.

IVA Creditors Meeting

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