Iva to be teminated.

putty_2

Hi everyone.

Hve been informed my iva is going to be terminated due to a breach of conditions.
Do you think i will have much chance with these proposals of my own to my creditors :

Current Iva Payment : £505.00

Northern Rock : Owed - £15000 My Proposal : £200 p/month

Hsbc : Owed _ £13000 My Proposal : £100 p/month

This is most likely what i am paying anyway, maybe less, when you take off the Ip fees at debtmatters.

Any answers much appreciated!!

chevalier

What reason are they giving for the termination? As this might effect what your creditors will accept. Also I thought that if a IVA terminated then that was it someone was filing you for bankruptcy whether you liked it or not.

I think you need to check the above before making any offers direct
chev

GeorgeUK

For starters, i would have advised to go to one of the free charities rather than paying a fee to debtmatters. They do exactly the same thing so get in touch with them and see if they can set something up. And you won't need to pay fees to do it.

(Taken from Fermi's signature)

Professional, free and impartial advice on debt problems can be obtained from several charitable and 'not for profit' organisations. They never make a penny from the advice they give, which means it will be given with only your best interests at heart. You can contact:

Your local CAB Office and ask to speak to a 'money advisor' ***
The Consumer Credit Counselling Service (CCCS) - Tel: 0800 138 1111 ***
National Debtline - Tel: 0808 808 4000 ***
Payplan - Tel: 0800 917 7823

chevalier

bumping for the evening crew