An IVA effectively starts with a blank piece of paper, and effectively anything can be written into it which so long as you, the creditors and your IP agree becomes contractual.
That said, and especially with the advent of the IVA protocol, there are accepted guidelines with regard to the level of equity which is required to be paid over - which in your case you say was 100%.
I am rather confused as your other post states that your IP is the Secretary of State - could you please clarify whether you are bankrupt, as it would be very unusual for the OR to be acting as Supervisor in an IVA.
I think he was referring to Davids post about the regultory bodies, and for his IP it's the Secretary of State.
Tht's the way I read it anyway.
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
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.
No idea and it is certainly a matter that requires further investigation by you by asking of your IP why?
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.
Then I would report him - take up my offer and email me direct or email Melanie. Either of us would be happy to review your case.
Last edited by David Mond on Wed Jan 07, 2009 11:42 pm, edited 1 time in total.
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.
As previously stated on this and other of your posts take advantage of Melanie's or my offer of free help.
Last edited by David Mond on Thu Jan 08, 2009 12:10 am, edited 1 time in total.
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.
