level of claims

[indebtforever]

the anticipated level of claims is 3k higher than previously invisaged what does this mean i will have to pay more and why are they asking for more i thought it was in stone when agreed at meeting[:I]????

[MelanieGiles]

In what context has this statement been made?

[indebtforever]

hi melanie it is on a page from my review showing non preferential claims then it says the level of claims is higher

[MelanieGiles]

Creditor claims have obviously come in higher than you declared on your statement of affairs. Did the IP do any work to verify these balances before your IVA was finalised? Don't worry, it is very unlikely that you will need to make additional payments, unless the creditors demanded a guaranteed dividend.

[indebtforever]

thx for quick reply melanie at the time i told them all what was owed just seems a bit strange i have received many letters that the debts have been sold on could they be asking for more?

[MelanieGiles]

Creditors will merely be claiming what they were owed at the date of your creditors meeting. It is unlikely that the balances will have increased as a result of the sale of the debts.