Well everyone, I have bitten the bullet and asked for a variation meeting. It was a very hard decision to make but all of your support and advice made me realise that I can't lose anything by asking the question for waiving the statutory interest. I took on board all the advice you have given when s...

All - I can see that my dilemma has certainly prompted debate. In my situation where, as I have explained in this thread, I can pay in full but have several financial circumstances where I need to retain as much of my inheritance as possible, I was made to feel threatened by the bankruptcy mention. ...

I am still in shock - thanks for the advice Michael. They have frightened me though with the bankruptcy and I am still in two minds about whether to just pay up. I feel as if my chances of success are slim because I do have (on paper) more than enough to pay it but in reality I have personal circums...

Sorry for the delay in update. It was so upsetting that I confess to going out and drowning my sorrows. It didn't go well from my perspective. I was told that they would be willing to put forward the variation to waive interest given the personal circumstances I had cited but that it would be treate...

Thanks all as ever. You are a lifeline. Call this afternoon booked. Will let you know the outcome.

Latest update following my email to IP asking for evidence of statutory interest clause in my proposal: "Please refer to Para 14(2) of your Proposals as follows: After-acquired assets must only be sold or realised to the extent necessary to repay the creditors in full with any interest they are enti...

I know I am resurrecting an old post here but it is similar to my current situation. In the vain hope that the original poster is still on the forum, I would be grateful to find out what the result was. Or, indeed, from anyone else who is, or has been, in a similar situation. Thanks in advance.

Well, I plucked up the courage to chase the IP to ask for a variation to waiver interest. Discovered that the reason I hadn't had calls returned was because my case officer "left the business". Great. Start explaining all over again at a crucial point with a stranger. Asked for the clause number in ...

Thanks all. Am going to call IP to chase and am going to fight! You've given me a boost.

For further information if it helps advice-wise, the interest on my original debt of £36,599.25 at 8% per day is £9,551.82 so that totals £46,151.07. Nominee fee, VAT and disbursements is £3,553.67. Supervisors fees at 15% are £9,019.89. Less what I have paid to date which is £27,342.67 (which inclu...

Thanks Michael. I didn't know about that but I will try it.

Thanks MrsR for your reply. I am speaking to the case officer tomorrow so will see what he has to say and update my post with result.

So, before I say anything else, due to an inheritance, I am in the fortunate position of being able to make payment to clear my IVA. However, on receiving the final calculation from the IP today, I am shocked to find that having paid nearly £30,000 over the past 3 years on an original debt of £38,50...

I do hope I haven't offended you Foggy as your advice is valued and you do an amazing job on this forum for which we are all grateful. If I have I sincerely apologise. It's just that £20k is better news than £25k and am desperate for some accuracy. I know I am fortunate to be in a position to be deb...

Hi Lisa - thank you for your advice and I will call you. I am about to inherit so in the circumstances I can't do F&F without lying which I don't want to do. I haven't told my IP firm about the inheritance yet. I want to pay the IVA off in full and not be looking over my shoulder for years to come a...