Creditor Meeting Tomorrow, scared!!!

getdebtfree

Hi Guys

So its my creditors meeting tomorrow with Grant Thornton,

I am very nervous about it all, hope it goes my way.

I would not have a clue what to do if they do not accept.

Its taken a while to get to this stage, doing research and looking into debt management plans.

Now I am already trying to budget and survive without living on debt.

Im not to much bothered about bad credit ratings, I dont want credit ever again...

I cant buy a house

so unless I win the lottery or get a MASSIVE pay rise this is how its gonna be for 5 years and beyond.

Infact if my IVA is accepted as long as we stick to budget, we should in theory live better than what we were.

No more building up debt and borrowing to pay for stuff, or borrowing just to live.

We hope a few years down the line we can earn more and hopefully come out of this stronger.

Of course there are feelings of guilt, but we could not carry on like we were. this IVA could be the start of a new beginning for us.

Guys if you are struggling with debt please dont ignore it, take action on it like we have dont be afraid.

There can be a light at the end of the tunnel.

Thanks

Marcus

chirpychick

Hey, we have been in our IVA for 2 years now and I remember being where you are so I just wanted to wish you good luck.

getdebtfree

chirpychick wrote: »

Hey, we have been in our IVA for 2 years now and I remember being where you are so I just wanted to wish you good luck.

Hey thanks,

wow you ar nearly half way through.

Must feel good, look forward to beng in your situation soon.

Cheers

:cool2:

greenbrucelee

Dont worry too much about the creditors meeting. Grant Thornton should have done everything to make sure it goes through.

Remember only a few creditors need to agree for the rest of your creditors to have to agree to it.

When I started my IVA only 3 of my creditors agreed the other 7 didn't even attend so they were automatically put into it.

An IVA shouldn't be taken lightly it's very hard, you will have basically no money apart from what your budget allows. Christmas is the worst time I have just done my first.

getdebtfree

greenbrucelee wrote: »

Dont worry too much about the creditors meeting. Grant Thornton should have done everything to make sure it goes through.

Remember only a few creditors need to agree for the rest of your creditors to have to agree to it.

When I started my IVA only 3 of my creditors agreed the other 7 didn't even attend so they were automatically put into it.

An IVA shouldn't be taken lightly it's very hard, you will have basically no money apart from what your budget allows. Christmas is the worst time I have just done my first.

wow 7 didnt turn up? maybe all mine wont turn up.

but how does that work? I thought it was a vote by post?

marcus

UpToMyNeckInIt

getdebtfree wrote: »

Hi Guys

So its my creditors meeting tomorrow with Grant Thornton,

I am very nervous about it all, hope it goes my way.

I would not have a clue what to do if they do not accept.

Its taken a while to get to this stage, doing research and looking into debt management plans.

Now I am already trying to budget and survive without living on debt.

Im not to much bothered about bad credit ratings, I dont want credit ever again...

I cant buy a house

so unless I win the lottery or get a MASSIVE pay rise this is how its gonna be for 5 years and beyond.

Infact if my IVA is accepted as long as we stick to budget, we should in theory live better than what we were.

No more building up debt and borrowing to pay for stuff, or borrowing just to live.

We hope a few years down the line we can earn more and hopefully come out of this stronger.

Of course there are feelings of guilt, but we could not carry on like we were. this IVA could be the start of a new beginning for us.

Guys if you are struggling with debt please dont ignore it, take action on it like we have dont be afraid.

There can be a light at the end of the tunnel.

Thanks

Marcus

Hi Marcus,

I'm sure it will be fine - I remember the pre-CM nerves as well.

Grant Thornton are a huge company, and as I recall, you were referred to them by CCCS, so I am sure it will go well.

Do let us know how it all goes though.

Fingers crossed.

getdebtfree

UpToMyNeckInIt wrote: »

Hi Marcus,

I'm sure it will be fine - I remember the pre-CM nerves as well.

Grant Thornton are a huge company, and as I recall, you were referred to them by CCCS, so I am sure it will go well.

Do let us know how it all goes though.

Fingers crossed.

hey uptomyneckinit

You have given me loads of feedback thanks mate

really appreciate it

ill let you know how it goes pal

cheers

marcus

FiatFan_2

Hope it went well today, I'm sure GT will have sorted it so you'll get through without a hitch.

I remember ours, our nerves were only really settled by having confidence in our advisor. There were a couple of T&C's to be amended in ours but didn't affect our budget so we accepted and alls good.

4 payments in now and the guilt has all but gone and we do feel we're living a better life than when loaded with debt, such a good feeling having paid for Christmas although it has been tougher this year with a fixed amount of money and January being a long month for us (not paid till 31st)

getdebtfree

Just under 4 hours to go. Nervous!!!

FiatFan_2

fingers crossed for you, didn't realise it was nearly 1am when i posted before

getdebtfree

FiatFan wrote: »

fingers crossed for you, didn't realise it was nearly 1am when i posted before

Cheers FiatFan