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Last minute IVA opinions
neddis
Posts: 10 Forumite
Hi everybody,
This is all a bit last minute really as my creditors meeting is tomorrow (3.00pm 13th Sept), but i'd appreciate your opinions
I currenty owe £75K:eek: to 9 creditors, I'm single live with parents have no assets, Payplan have worked out a payment of £361 a month from my income of £880 which works out to 20p in the £1.
This seems such a low dividend I just cant see it being accepted, still i'll soon find out. Any views from your goodselves would be appreciated. Cheers
This is all a bit last minute really as my creditors meeting is tomorrow (3.00pm 13th Sept), but i'd appreciate your opinions
I currenty owe £75K:eek: to 9 creditors, I'm single live with parents have no assets, Payplan have worked out a payment of £361 a month from my income of £880 which works out to 20p in the £1.
This seems such a low dividend I just cant see it being accepted, still i'll soon find out. Any views from your goodselves would be appreciated. Cheers
0
Comments
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Sorry, I don't know much about IVAs but just wanted to wish you luck for tomorrow.
Perhaps you should post this query on the bankrupcy board above - they may have more ideas?Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)Life begins at the end of your comfort zone (Neale Donald Walsch)0 -
Thanks for your comments and advice will repost0
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20p in the £ sounds very low but if Payplan have put it forward then they must believe it has a chance. You might find you happen to have creditors that are ameniable to low offers. Anyway - best of luck!Debt as at 12th July 2006 - £61,345 :eek: :eek: :eek:
Debt free 21st Oct 2011.
All thanks to :money:0
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