PAYPLAN - MASS VARIATION MEETING - THE OUTCOME

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GilliB

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Post by GilliB » Thu Dec 06, 2012 12:03 pm
Hi All. I've just received my Chairman's Report following the mass variation meeting on the 30th November. It states that 100% of the creditors voted in favor of the proposals - i.e to clarify the treatment and distribution of VAT & PPI monies. YAY!! Now to await completion certificate!! [:D]
IVA journey started: 30th March 2009. Settled: 17th July 2012. Completion Certificate received: 13th March 2013. Breathe. x
 
 

Hyperdrive

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Post by Hyperdrive » Thu Dec 06, 2012 12:16 pm
Yes GilliB, I got one too. On the face of it good news for speeding up closures.
I sent in my F&F offer last month, but they`re now saying "2 to 3 months" to put it forward, whereas before the meeting they said in January !!
[?]
 
 

TheArtist

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Post by TheArtist » Thu Dec 06, 2012 12:24 pm
Even so, this is good news. At least this PPI business is, at last, being addressed
Completed IVA - August 2012 pheeeeeeeeeew
Only my opinion - Nothing More Nothing Less
 
 

GilliB

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Post by GilliB » Thu Dec 06, 2012 12:33 pm
Hi hyperdrive. Did they say why it's going to take so long to put it forward? x
IVA journey started: 30th March 2009. Settled: 17th July 2012. Completion Certificate received: 13th March 2013. Breathe. x
 
 

Sebastian29

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Post by Sebastian29 » Thu Dec 06, 2012 1:13 pm
I assume the many hundreds, if not thousands, waiting for their completion certificate should see these coming through in the next few days & weeks? Gemma?
 
 

TheArtist

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Post by TheArtist » Thu Dec 06, 2012 1:33 pm
Unfortunately, I suspect it wont be as simple as that
Completed IVA - August 2012 pheeeeeeeeeew
Only my opinion - Nothing More Nothing Less
 
 

Shining

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Post by Shining » Thu Dec 06, 2012 5:38 pm
Wouldn't it be a great start to the New Year to lots of you awaiting certiicates of completion. I sincerely hope they arrive. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

Niobe

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Post by Niobe » Thu Dec 06, 2012 5:51 pm
We had our letters today saying the same thing.
 
 

Janey

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Post by Janey » Thu Dec 06, 2012 6:29 pm
I had the same meeting, slightly annoyed that they couldn't even be bothered to inform me of the variation meeting - so much for communication! I am wondering if they have claimed PPI on my behalf because I choose not to claim as it was just before my completion date that I received the letters.
 
 

Hyperdrive

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Post by Hyperdrive » Thu Dec 06, 2012 7:44 pm
Hi Gilli we get the distinct impression we are being fobbed off. We got an email in October setting out all the letters and documents needed for the proposal to go forward. I posted all this on 21 November recorded delivery.
We then both had a text message from Payplan on 27 November stating (in it`s entirity)

" Your creditors meeting is scheduled for Friday at 2.26"

I immediately confirmed the news with Mrs H - we were both at work that morning - and in her lunch break we talked excitedly about our F&F being processed so quickly.
However at 16.53 that day we got another text -

"Please disregard the previous text re-your creditors meeting which was sent in error-no action is required. Thank you."

You can imagine our profound disappointment.

Apart from these two texts we have heard nothing about our F&F so I emailed the case officer on Monday and was told it would be two or three months[:(][:(]
I hope you have better luck !
 
 

MelanieGiles

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Post by MelanieGiles » Thu Dec 06, 2012 7:53 pm
Janey - are you saying that you were not given the opportunity to agree the terms of the variation in advance of the meeting being called?
Regards, Melanie Giles, Insolvency Practitioner
 
 

Sensible77

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Post by Sensible77 » Thu Dec 06, 2012 8:11 pm
Janey - I, and others have also mentioned on this site, received a letter a while ago about the mass variation. It is also mentioned on the PayPlanPlus website.

Hyperdrive - the texts were regarding the mass variation, I got the same ones. Apparently, they were auto generated.
 
 

Janey

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Post by Janey » Thu Dec 06, 2012 8:29 pm
No I didn't know it was happening thats what I am annoyed about, my iva finished in April so how can they still be charging for meetings. I too got a text about a creditors meeting but it didnt say who it was from so i deleted it as when I tried to reply my phone blocked it saying it was coming from abroad. On 28 Nov, I got another text saying please disregard the previous text re- your crediors meeting which was sent in error - no action is required . Thank you.
 
 

Hyperdrive

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Post by Hyperdrive » Thu Dec 06, 2012 9:09 pm
Sensible - we know that now! Everyone makes mistakes. But taken in the context of us having submitted our proposal how would you expect us to react???
My main concern is the shifting of timescales and lack of contact. It would have been nice to get an acknowledgement of receipt of the F&F documents at the very least. To then establish the new timeframe by chasing the matter up myself (without any explanation as to why) is not a reasonable expectation of service.
(I`ve never sounded off before - quite enjoying this[}:)])
 
 

back on track

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Post by back on track » Thu Dec 06, 2012 9:16 pm
i had letter a while back outlining the variation and telling me when it was happening.got my variation letter on wed telling me exactley who voted and there vote.got a 87%in favour and only a couple voted against it,so was passed.
i thought payplan were very proffesional in my case and i now have it in writing that my iva wont be dragged out when i finnish even if i have outstanding claims or vat.very pleased to tell you the truth.
hope everybody else has a good outcome
cc received 6th January 2014 now upwards and onwards
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