Wondering whether this variation will be accepted ? Meeting planned for 21st November.

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Grumps1402

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Post by Grumps1402 » Thu Oct 20, 2016 9:39 pm
In sixth year of IVA and received letter saying final payment would be 28 sept. Had letter saying that was incorrect and we owe another £1919. Spoke to IP this morning who said we had only a paid £34465 of agreed £36564 and apologised for his error. Was aware of a £200 arrears and he is now putting variation forward that we pay the £200 and the remaining £1717 gets written off. In the letter he Has said we have paid more than 95% back, it will cost more to make us bankrupt and not enough equity to invoke the equity clause. They have had back 36p in £ rather than 31.5p which was originally drafted up due to IVA changes. I just wondered what chances were of this being accepted. Meeting planned for 21 Nov.
 
 

Michael Peoples

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Post by Michael Peoples » Fri Oct 21, 2016 12:09 am
It sounds fair and at least your IP is doing their best for you. Very best of luck and let us know how it goes.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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