If we approach an IP and give them a list of specific creditors & all our income and expenditure are they likely to know from previous experience if the creditors are likely to reject us because we cannot pay back enough pence in the pound - i.e can they advise us whether we have a reasonably good chance before we commit ourselves and incur a fee?
Hey charliesbird, a good IP should have an idea straight away, but some creditors don't always accept for various reasons unknown to anyone. I'm NOT an IP so I may not know what I'm talking about so please hang on for Melanie. X
Yes - I would usually be able to assess a case from my experience of the marketplace to see if it would be likely of acceptance. And you should not be incurring fees in the first place as most IPs will help you to prepare your proposals without seeking payment in advance.
