should I make a few more payments

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kallis3

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Post by kallis3 » Sun Jun 07, 2009 12:27 pm
I think you are right - now the creditors can cap the fees, and if they think the IP is charging too much they can do a modification for lower fees.

I think they are pretty uniform now though.
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jeff.s

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Post by jeff.s » Sun Jun 07, 2009 12:37 pm
Thank you for all the advice here, it so so appreciated and great that you can sounds things out on here, such a great source of information. I thought my fees are quiet high, suprised my creditors allowed this as I would have thought they would have been after the bigger chunk so to speak? Will contact my IP tomorrow and sound this out! thanks again Jeff
 
 

ivas4us

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Post by ivas4us » Sun Jun 07, 2009 12:39 pm
I hope you get a good answer from your IP. I am sure you will though. Good luck.
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Adam Davies

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Post by Adam Davies » Sun Jun 07, 2009 12:44 pm
Hi
Your creditors are expecting £17400 and you have so far paid in £16050. So another £1400 to make the full return to your creditors PLUS you will need to cover the IP fees to date, they will probably be around 6k plus a variation fee for the full and final of 1k.
I would think that 8.5k would be a certain acceptance although you creditors may accept 6k and a dividend of around 15p.
Good luck
Andam Davies
 
 

jeff.s

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Post by jeff.s » Sun Jun 07, 2009 1:11 pm
Many thanks for your further comments folks and Andy for the clarification on my IP's fees etc, I will speak to them and see what they have to say!!!
 
 

kallis3

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Post by kallis3 » Sun Jun 07, 2009 1:39 pm
I had completely forgotten about fees to be added on top!

Thanks guys![:D]
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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