Thanks for your response. What you say is something I considered and have already committed myself to fulfilling the IVA. It would of course be a luxury to have the completion certificate early, should it be the case that I was improperly sold the financial service. What concerns me most is that, if...

Thank you for your response. I did not question the figures at the time. As you can imagine, in the heat of a financial crisis and being new to this kind of episode, I accepted the first option that would have conveniently settled the situation and quietened my creditors. I have challenged the figur...

Hi everyone, I am currently in the fifth year in payment of an IVA. I have two questions. One to do with whether I qualified for an IVA in the first place and the second one to do with what is legitimate practice. At the time I signed the IVA my income was as follows Incapacity benefit : £99.38 pw ...

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by Michael Peoples Have a look at the Stepchange guidelines and this tells you what the standard allowances are. There is no minimum or maximum disposable income as we come across people with huge deficit...

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by Michael Peoples The IP has to explain and justify the increase and cannot demand you make arbitrary cuts. While you cannot refuse a reasonable request from your IP, this does not sound reasonable. Do y...

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by Michael Peoples You should demand a face to face meeting with the IP and get them to document where they are finding the money. It sounds odd that the payments are being increased without any increase ...

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade> Originally posted by Foggy Step Change, Michael.05, are the Insolvency firm who issue the guideline figures widely used by IP's to calculate legitimate expense levels in arriving at D.I. Government income levels are irrele...

Thanks for your response. I am asking a legal question, which I wish to test with the Ombudsman. The government guidelines for minimum income are online. My own case is this. The government guidelines for a minimum income, as a pensioner, say my surplus income is £5.31pw. The IP this week claimed my...

Is it legitimate practice for an insolvency practitioner to calculate surplus income without regard for government guidelines on minimum income?