Annual Change of IP

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may07

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Post by may07 » Thu Aug 14, 2008 11:40 pm
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Hi All,

I apologise for my absence. Im spread pretty thin between work and family. I have loads of questions, with a change of circumstance, but will start with 1.

Ive been in an IVA 2 years. At each annual review my IP has changed without my prior knowledge. When I asked why I was told this is the nature of insolvency. I am told to keep paying into the same account and that my new IP has bought that account.

Does this sound bona fide to the experts??
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MelanieGiles

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Post by MelanieGiles » Thu Aug 14, 2008 11:57 pm
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It is unusual - but as IP fees keep getting squeezed further and further by creditors, more and more IP firms are reconsidering whether this is a market they wish to remain in. Also a lot of firms merely employ IPs, which is a little different to my practice where I am the owner, so people hop from job to job and when they move on their cases have to be transferred to a new IP.
Regards, Melanie Giles, Insolvency Practitioner
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look_divine

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Post by look_divine » Fri Aug 15, 2008 12:04 am
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do you act as an IP melanie :) or just run the show?
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MelanieGiles

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Post by MelanieGiles » Fri Aug 15, 2008 12:07 am
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I do both - am very hands on in dealing with my clients and running my company, of course with the assistance of a great team of staff.
Regards, Melanie Giles, Insolvency Practitioner
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look_divine

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Post by look_divine » Fri Aug 15, 2008 12:11 am
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oh right can you request you as an IP LOL
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angela18

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Post by angela18 » Fri Aug 15, 2008 7:49 am
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ooh melanie.. hope they don't squeeze you too much!! don't want anybody else!!
Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

if you wish for a rainbow... then you have to put up with the rain xx
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MelanieGiles

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Post by MelanieGiles » Fri Aug 15, 2008 9:07 am
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Don't worry - I'm here to stay. And I take all the appointments in my firm - some jointly with my other Insolvency Practitioner Sue Clay.
Regards, Melanie Giles, Insolvency Practitioner
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angela18

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Post by angela18 » Fri Aug 15, 2008 9:09 am
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thats good!!
Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

if you wish for a rainbow... then you have to put up with the rain xx
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