Creditor meeting looming

ld54336

Well, as the title said my creditor meeting is due to be booked today.

Barclays & tesco finance are our biggest creditors so we really need them to agree. Has anyone had any experience of these lenders in an IVA- are they likely to accept or do they have a reputation for refusing proposals?

Hope that makes sense!

L xxx

Charco_2

Your IP wouldn't have brought your case this far if they didn't think it had a strong chance of being accepted... It would have been a waste of their time and resources because they'd have had to put the same amount of work inas any other case but if it isnt accepted they dont get paid.

Its most likely that your case would be simply accepted OR accepted subject to a few modifications. (like your spending too much on the gym that has to stop and you pay the £30 into your IVA instead)