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RBS

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Post by RBS » Tue Nov 04, 2008 11:29 pm
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Thank you Andrew and all, so I should ask office of fair trading rather than my IP.My IP Should know about it.
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David Mond

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Post by David Mond » Tue Nov 04, 2008 11:38 pm
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Well done Andrew - very interesting developements happening in the debt resolution industry. The time of the cowboy is numbered.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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RBS

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Post by RBS » Wed Nov 05, 2008 10:11 pm
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Does any IVA company ask you to pay before the IVA starts??? i have one here..,
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MelanieGiles

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Post by MelanieGiles » Wed Nov 05, 2008 10:17 pm
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Some do and some don't, and some (like my company) like to see the first payment made at the time of the proposal signing, to demonstrate affordability and commitment to the IVA at an early stage. The monies are returned in full in the event that the IVA is rejected by creditors.
Regards, Melanie Giles, Insolvency Practitioner
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RBS

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Post by RBS » Wed Nov 05, 2008 10:28 pm
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My company asking for the payment when i send the authority form.
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MelanieGiles

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Post by MelanieGiles » Wed Nov 05, 2008 11:03 pm
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I am not sure what stage of the game that actually is with your company - have they written a proposal for you and have you had a meeting with your IP yet?
Regards, Melanie Giles, Insolvency Practitioner
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Andrew Graveson

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Post by Andrew Graveson » Wed Nov 05, 2008 11:05 pm
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Hi RBS,

Is that payment refundable if the IVA will not proceed?
Andrew Graveson
Bright Oak Ltd
UK Debt Management Company
Website: www.brightoak.co.uk
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RBS

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Post by RBS » Thu Nov 06, 2008 10:23 pm
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Actually, i do not know, i should start making monthly payment from 20th of this month.
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MelanieGiles

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Post by MelanieGiles » Thu Nov 06, 2008 10:25 pm
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It is certainly worth checking with your IP before the event - although I am sure that your IVA will sail through.
Regards, Melanie Giles, Insolvency Practitioner
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