Fees!!!!!

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youldena

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Post by youldena » Thu Jul 09, 2009 5:25 pm
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Can anyone explain how I have paid 36 IVA payments and 45% of the value has been paid to my creditors. If this continues over the next 24 months the promised dividend will not be reached. Or are the fees paid upfront? Seems an awful lot of money to me. Having said that the current firm who took over my case last year dont seem to be charging as much as the previous.
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youldena

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Post by youldena » Thu Jul 09, 2009 5:26 pm
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Sorry meant to say - I am considering a F&F settlement so trying to work out what my creditors would accept.
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kallis3

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Post by kallis3 » Thu Jul 09, 2009 5:52 pm
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The fees are usually paid from the first year or so's contributions. I've paid nothing to my creditors yet.

If you are considering a full and final, the creditors do usually like to see as close as possible to the original dividend.

Speak to your IP and see if they can advise what would be acceptable as a full and final.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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MRBLUESKY

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Post by MRBLUESKY » Fri Jul 10, 2009 5:49 pm
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rest assured amanda,your creditors will get the agreed dividend if your iva runs the full timescale,regarding f&f settlements there is a criteria, as kallis3 said original dividends are more likely to be accepted.including fees, vat,etc,
Last edited by MRBLUESKY on Fri Jul 10, 2009 5:55 pm, edited 1 time in total.
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