Payment break is costing me...why?

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hope

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Post by hope » Mon Mar 16, 2009 10:21 am
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I have an approved payment break for last year and I just received a copy of my draft variatoin report. What concerns me is that in proposed new variation I am now paying £500 for a Variation Meeting Fee and VAT & Disbursements go up by £497 from £768 in the original proposal to £1265 in the Proposed varitation.

Could someone explain to me way I am paying £500 for a meeting and what the VAT & Disbursements cost is about and why has it gone up.

Thanks.
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kallis3

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Post by kallis3 » Mon Mar 16, 2009 10:39 am
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I believe that you always have to pay for a variation meeting, but not sure about the VAT and disbursments though.

One of the professionals will be able to answer the question more fully for you.
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David Mond

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Post by David Mond » Mon Mar 16, 2009 6:44 pm
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It is probably the VAT on top of the variation fee. My firm only charge at present £250 to do a variation - who are you with?
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.
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Julie

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Post by Julie » Mon Mar 16, 2009 7:25 pm
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Hubby's IP wanted to charge us £700 for a variation [:0] I refused to pay this so they did it for free!!!

Pity there wasn't a set fee across the board.
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hope

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Post by hope » Tue Mar 17, 2009 4:40 pm
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Just had a word with my IP and they said I should not worry as I am not paying for it but the Creditors. Really though this is £997 somebody else will pay for it.
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kallis3

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Post by kallis3 » Tue Mar 17, 2009 4:58 pm
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That's a bit of good news then.

Does seem a lot of money though.
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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kallis3

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Post by kallis3 » Tue Mar 17, 2009 5:00 pm
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I've deleted your other thread hope, as it was a duplicate of this one.
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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