Meeting of Creditors

Svensson8 · 31 July 2009 at 7:20PM

Hi

Today was my meeting of creditors to do with my proposed IVA, However I was rung saying that certain creditors wanted to adjourn the meeting for 7 days. Is this Normal? Got me worried now that it may not be accepted.

Darren

Nargleblast · 31 July 2009 at 7:54PM

There may well be an innocent reason for this. Remember your IVA company would not have advised you to proceed unless they thought you had a good chance of it being accepted, so hang on to that thought. Good luck.

thecableguy12 · 6 August 2009 at 1:08AM

chances are the iva is currently declined and your iva company are trying hard to get it accepted, sorry to give some bad news but thats what i had to do when i did that job, when i adlourned i would do it for a few days at a time, or it could be that they are waiting for just one creditor to accept and they are taking there time, that 1 creditor may be what they need to put the acceptance level to 75% good luck

Svensson8 · 7 August 2009 at 12:08PM

Just had a phone call and its been accepted...Thats a big relief, Now have 5 years of struggle to look forward to !

Nargleblast · 7 August 2009 at 7:40PM

Pleased for you. Now you at least can see a debt free date in the not-too-distant future. Just remember to stick tightly to your budget and you will be fine. Good luck.

thecableguy12 · 9 August 2009 at 2:01AM

thats great news glad it got accepted rememeber to read your nmodds clearly before signing them

InDeepPoo · 10 August 2009 at 10:14AM

Just reading the pages, Well Done on getting the IVA, One part that I do not understand,.. thecableguy12 stated you should read the "nmodds"? what is a "nmodds"???