Thanks to all - it isn't an easy topic to explain!

But let's consider the matter closed and I take on board all your well considered comments and advice!

Best wishes to all who are on the same difficult path and I hope we all emerge wiser and less stressed at the end of it!

David

Yes my contract was a Standard IVA for 60 payments. Yes I am clearing it early. Yes fees are payable. The payments I have made to date already cover 100% of my debt and the vast majority of statutory interest. BUT in your case the fees due are being deducted from the amount being paid back to your c...

I was not complaining that fees were payable to the IP, I understand that they do not operate a charity and deserve to be reimbursed for their expertise and time. What I was trying to say was that even after paying my contracted 60 payments of £x plus the equity in my home (which I sold) I would STI...

My IVA was, to my mind, the right solution for me to take. A DMP proposal met with poor feedback from some of my Creditors and Bankruptcy was not a route that morally I was prepared to take - it was NOT the fault of my creditors that I lived beyond my financial means for such a long time and I felt ...

Yes, you are ALL absolutely correct and I really shouldn't complain!

I will pay my debts and fees and thank my stars that I am fortunate enough to be able to look forward to a debt free future.

Thank you all for your time and valuable comments.

David

I think the IVA was well advised at the time. I was made redundant shortly after it started and that realised a significant capital amount that obviously went to my IVA fund. I was then able to secure a position as a contracting IT manager that improved my monthly income and I devoted most of that t...

My IVA (which I am due to complete in September, 2 years ahead of schedule) has me paying back 100% of my debt + statutory interest PLUS Nominee and Supervisor's fees PLUS insurance bond. The latter three items have added approx £13,000 to my debt!. All the information I have read seem to indicate t...