Well it would seem that at this point, if I pull out then I will have to pay the IP company £2500 plus VAT for the work they have done. Obviously I can't afford this so it would seem I have no choice but to sign the proposal and carry on. This whole experience has left me so bitter, I just want to g...

I am waiting for the IP to call me back this afternoon. I will post tomorrow when I have been to CAB.

Thank you everyone.

I wish I had stuck with my DMP in the first place now.

I have made an appointment to see my local CAB office tomorrow to see what they say. Thank you for all your advice, it's much appreciated.

I'm really sorry to harp on about this but I really don't feel that this is the right solution for me or for the companies I owe money to any more and I'm really very upset that this company seem intent on forcing me into it.

When I last spoke to the IP's office this afternoon, they said the reason I would have to pay the fee is because my IVA had been accepted by my creditors.

The modifications, although I have not yet signed and returned them, are not the reson I am pulling out. The reason I am pulling out is that due to a change in circumstances I can now afford the repayments which my creditors require and would like to arrange to pay them back my original agreed payme...

I wouldn't think it was half as unreasonable if they didn't expect me to pay it all in one go. OBVIOUSLY I haven't got that sort of money. Also, at the start of the arrangement I had to pay £19 insurance fee, does this not cover these sort of situations? And also, is it not considered a good grounds...

I have spoken to someone from my IP's company this afternoon and they said that I was free to negotiate myself with my creditors but I would still have to pay them the nominee's fee as a lump sum. It seems slightly ironic that the only people who really want to keep me in debt are the people I was r...

Thank you Andy, that is a huge relief. When I received the letter through with the modifications it said that the agreement had been accepted by my creditors with modifications. But if I haven't agreed to them yet then surely such an agreement can't stand?

They're basically forcing me into an agreement which I don't need. I feel so lost now, I thought I was doing the right thing.

Have just had a reply from my IP's office. Apparently it is possible for me to get out of the agreement at this stage but I will have to pay the nominee's fees of £2500 which is not payable in installments but must be one lump sum. I feel like crying my eyes out, I thought they were supposed to be a...

I am in a similar situation myself. I have not agreed to the the modifications yet and in the time it has taken to set up my IVA I have received a job offer with an increased salary and am now in a position to start repaying my creditors the agreed repayments as agreed at the time I took them out ye...

I will do, thank you for your help.

The letter I have received says " At the meeting of creditors I confirm your proposal for an Individual Voluntary Arrangement was duly approved with modification and I enclose a copy of the Chairman's Report for your information"