Search found 11 matches
Search found 11 matches
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- by peter.s
- Fri Feb 15, 2008 9:34 pm
- Forum: postings for february
- Topic: Variation to IVA
- Replies: 11
- Views: 1588
That's good to know. So if I return my Income & Expenditure form how do how do I prevent my IP from proposing an increase in my term? Will the proposed variation be sent to me for authorisation first? Also, I was made aware that HSBC would only accept 40p in the pound for them to approve my IVA. I a...
- by peter.s
- Fri Feb 15, 2008 9:23 am
- Forum: postings for february
- Topic: Variation to IVA
- Replies: 11
- Views: 1588
I didn't know they could do that. I thought that was a default of the arrangement.
It was the advice of the admin person rather than the IP himself.
Should I propose this directly in a letter? Or should I assume that the IP will amend the proposal when he gets it from admin?
- by peter.s
- Thu Feb 14, 2008 10:52 pm
- Forum: postings for february
- Topic: Variation to IVA
- Replies: 11
- Views: 1588
As part of my IVA my dividend must not fall below 40%, as per the modification put in place by HSBC. That was the reason why the IVA would be extended 24 months.
- by peter.s
- Wed Feb 13, 2008 10:54 pm
- Forum: postings for february
- Topic: Variation to IVA
- Replies: 11
- Views: 1588
I am thinking of making a F&F via money from my brother. If that fails I will have to put forward a variation to reduce my payments due to a change of career due to job uncertainty and greater flexibility of working arrangements due to my mother's deteriorating health. My IVA provider are considerin...
- by peter.s
- Mon Feb 11, 2008 6:21 pm
- Forum: postings for february
- Topic: Do you think my offer will be accepted?
- Replies: 11
- Views: 1860
Thank you for your advice and understanding. I really appreciate the swift response. How do you suggest I move forward with my proposal? I am thinking of putting the whole situation into writing and hoping that my IP will understand my position and put it forward to my creditors in the same way you ...
- by peter.s
- Mon Feb 11, 2008 1:26 am
- Forum: postings for february
- Topic: Do you think my offer will be accepted?
- Replies: 11
- Views: 1860
The admin person at Payplan said they could not put forward a full & final settlement at the same time as an amendment to reduce my IVA due to my change in circumstances (change of job). Is this true? I was also told that if a F&F was rejected by my creditors then I would have to keep paying my curr...
- by peter.s
- Fri Feb 08, 2008 11:41 pm
- Forum: postings for february
- Topic: Do you think my offer will be accepted?
- Replies: 11
- Views: 1860
I have no property and I live with my folks in a rented house. Is it worth mentioning to Payplan that I may have to reduce my hours in the future - my parents are both in their 70s and I live with them and help them manage around the house. Their health is poor and deteriorating and that's why my br...
- by peter.s
- Fri Feb 08, 2008 11:23 pm
- Forum: postings for february
- Topic: Do you think my offer will be accepted?
- Replies: 11
- Views: 1860
If I offer a F&F settlement, about how much of PayPlans fees will they still charge. I understand that it is not pro-rata :-( So how much of their approx £9K fees for the full IVA will they still take after only 12 months? I will not be able to pay any more as I will be paying my brother off, but wi...
- by peter.s
- Fri Feb 08, 2008 12:00 am
- Forum: postings for february
- Topic: Do you think my offer will be accepted?
- Replies: 11
- Views: 1860
Hi, I have an IVA. 60 x £626 (although Payplan have accepted £595 as they over estimated the effect of the increase in my salary from stopping paying my pension). I have recently changed my job as my current job was at risk and to give me better prospects for the future (I was in a dead-end job). Th...
Search found 11 matches
Page 1 of 1