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
Your IP ought to have warned you that personal pension payments are usually attacked by creditors.
Egg have a policy of asking lots of questions at the moment, most of which your IP ought to be able to answer from their file. I would not worry about this and let the IP deal with it over the next couple of weeks.
Egg are notorious for wanting a lot more information (although your IP should have had this already especially for debts over £25,000 - now presumaly for debts over £20,000).Pension payments are based on your age. If you are over 50 there is a possibility that some payment could be allowed. As to fees the IP should have known exactly what fee is appropriate and acceptable by the creditor mix. Let us know how you get on. Good luck.
Last edited by David Mond on Fri Oct 10, 2008 6:53 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.
It does worry me that while we are trying our haredest to tackle our debts the creditors are attacking the offer. The idea that the pension shoud be taken away or adjusted in any way is crazy. To do this is creating a problem for all who have pensions which will have impacts on the individual long after the creditors have gone away. pension paymnest/contributions should be left out of the equation.
I think it is only private ones that there is a problem with. Mine is a local authority one, deducted at source, and that is ok.
I agree though, unless you are making high contributions towards a pension, then they ought to be left alone.
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
