Max Recovery Letter

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bev.nn

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Post by bev.nn » Fri Jun 27, 2008 1:28 pm
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I've had a few letters since my IVA was agreed from Eversheds advising me that various accounts have been sold on and transferred to MAX Recovery Ltd. The latest letter received is in relation to a Marks & Spencer account which went into my IVA.
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pbeck

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Post by pbeck » Fri Jun 27, 2008 1:41 pm
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You can ignore these letters, while they affect who will be receiving the dividends from your IVA, that's a matter for the Supervisor rather than yourself.

Many commercial creditors pass on IVA debts to people like Max Recovery so they no longer have to deal with them themselves.
Philip Beck - www.freeivaadvice.co.uk

Licensed Insolvency Practitioner and IVA specialist since 1996.
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bev.nn

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Post by bev.nn » Fri Jun 27, 2008 2:20 pm
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oK, THANKS!
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Soulgrowth

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Post by Soulgrowth » Fri Jun 27, 2008 9:51 pm
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It has worked to my advantage recently that most of my debts were 'bought' by Max Recovery. When I recently offered a full and final, Max were essentially my main creditor and voted positively, getting a good return for for their investment!

Debbie
Debbie
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kallis3

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Post by kallis3 » Fri Jun 27, 2008 10:09 pm
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I've had those letters - just put them in the shredder!
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
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Lisa2009

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Post by Lisa2009 » Sat Jun 28, 2008 9:56 am
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Its quite normal for debts to be sold on to Max Recovery.
3 years into hubbys IVA, Max Recovery owned the majority of his debt.
The letters are nothing to worry about and the chances are, after the letter you wont hear from them again. If you do, just have your IP to contact them.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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