I do not understand why your IP firm have already collected 8 payments from you? Can you explain this please, as it seems to me that they have been preparing your IVA for 8 months? That seems a very long time - is there any reason for this?
Can you confirm the following to me:-
1 The value of your ISA to be cashed in
2 The amount of your monthly repayments
3 The fees the IP firm are proposing to draw
4 The total value of your creditors
At present the make-up of the numbers is looking a little odd to me, so get back as soon as you can and I will be able to advise more.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
View my IVA blog at: http://melaniegiles.blogs.iva.co.uk