Thanks Andy.

This forum in an invaluable service for people and long may it continue.

Hi Everyone Just another update. This time the news is much better. KPMG have finally accepted the offer. What was finally agreed was a lump sum payment of £21000 plus what we have already paid giving an estimated repayment of around 50-53p in the pound - not too sure of exact figures yet. I am now ...

[:-(] Hi Folks, thanks for all your advice and kind wishes. The IP spoke to KPMG who have advised they want more than the 39.2p dividend as they deemed the offer not reasonable. Cahoot were then involved and despite advising us on the phone that they thought the offer reasonable, they then stood beh...

[:-(] A further update, we had a creditors meeting which took place today. My credtors voted yes, yet again, and my partners creditor Cahoot who are represented by KPMG voted that they deemed the offer was not enough. The offer was 39.3p in the pound!! This is as much that we can raise according to ...

Hi again. Well further to my last post we have had a bit of movement. I have been contacted by McCambridge Duffy and invited to a meeting which happened last Friday. We went through the process of voting and indeed James(McCambridge Duffy) did contact Cahoot while I was there. Cahoot advised that KP...

Thank you.

Thanks Melanie The problem with this situation is that we are getting no votes at all for my partner but 2 yes votes for me. The thing that worried me was that our IP said they were not obliged to telephone the creditors even though we said surely this would get either a yes or no vote, it is not ge...

Just as a matter of interest who are the licencing body that IP's answer to? ....is it the FSA ?

Hi Melanie/Neverending Thank you for your replies. The reason I said one vote was that none of the other creditors seem interested however Cahoot are interested in an offer, but then we were warned that we went against the terms of the agreement by contacting our creditors. I will do as you say and ...

Hi Thanks for your replies. It is strange and really annoying. I only wish I had found this website 6 months ago. I have lost all faith in this company and in particular the supervisor we have who is representing them. I am afraid to ask for another supervisor as it is the local branch of this compa...

It sounds as though they are not happy because they will loose money in fees to me, however one of the experts is better to advise! Zoe xx This is what I thought too. But they quoted us £6300 in fees for the term of the IVA (5years) and in a report for variation meeting advised if it end early we t...

and tehy threatened you with bankruptcy if you settled with a creditor? z They advised us we had no right to contact the creditors and it was against the terms of the agreement. We advised that they are willing to accept an offer and gave the IP the phone number we had for the correct Department. W...

zoe wrote:

Hi there
Which IP are you using.
Zoe
xx

A company called McCambridge Duffy.

Hi I am only new to this forum and have only recently discovered it. My Story......... I have been in an IVA nearly 2 years. I owe £38,000. I have paid £350 for first 6 months and £200 since then, with £3000. This gives a 25p in £ payback to creditors Since August of last year I have 3 variation mee...