T&C Mass Variation CF

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harrysmummy78

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Post by harrysmummy78 » Thu Jun 18, 2015 1:34 pm
Has anybody else received a chairmans report today in relation to the new t&c's for CF? we did not agree to the new t&c's and they have gone ahead with the meeting with our creditors anyway and hiked the fee's up to 20%
Inter-locking IVA approved 25th Feb 2013 - F&F offer Accepted 06th July 2017 - Completion Certificate received 20th July 2017
 
 

Shining

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Post by Shining » Thu Jun 18, 2015 1:40 pm
ooh naughty! Not sure about this but keeping it bumped up for others to comment on.
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lifenoteasy

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Post by lifenoteasy » Thu Jun 18, 2015 1:50 pm
Was never sure if it was a ballot based on whether we were voting yes or no.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

Michael Peoples

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Post by Michael Peoples » Thu Jun 18, 2015 2:08 pm
That seems very unfair to you, Melanie and the other firms in the market if CF are getting 20%. Did you even know there was a meeting of creditor?
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harrysmummy78

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Post by harrysmummy78 » Thu Jun 18, 2015 2:19 pm
No Michael - they claimed they sent all the PJG client the report in March I have heard no mention of this on the forum an due to feedback the IP has received from their customer service team a small number of PJG clients never received it so they have taken the decision to re-send to all ex PJG.I don't really understand how this is going to impact us and I now feel this is more like a prison sentence as each day passes :(
Inter-locking IVA approved 25th Feb 2013 - F&F offer Accepted 06th July 2017 - Completion Certificate received 20th July 2017
 
 

Michael Peoples

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Post by Michael Peoples » Thu Jun 18, 2015 2:30 pm
I am confused as to how variations can be called without the clients' consent so look and see what they send you before you sign it. I thought most people who had refused to sign the new T&Cs were told that was fine.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
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lifenoteasy

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Post by lifenoteasy » Thu Jun 18, 2015 2:32 pm
Had my annual report that confirmed they hadn't done an assessment but have had nothing else.

No matter what I will be going straight to the insolvency service as the nature of the mass variation had not been adequately explained and therefore no one knew what they were being asked to do.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

harrysmummy78

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Post by harrysmummy78 » Thu Jun 18, 2015 2:34 pm
I called them I was told they did not need consent
Inter-locking IVA approved 25th Feb 2013 - F&F offer Accepted 06th July 2017 - Completion Certificate received 20th July 2017
 
 

lifenoteasy

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Post by lifenoteasy » Thu Jun 18, 2015 2:36 pm
The letter they sent out specifically stated you had to agree because it was a change to the agreement.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

roach3

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Post by roach3 » Thu Jun 18, 2015 3:54 pm
Got mine today and says same as yours
Very confusing results to a meeting I knew nothing about
20% etc something about 50% ppi
I never signed any of the forms
Will monitor this with interest
 
 

recovering

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Post by recovering » Thu Jun 18, 2015 3:57 pm
Nothing through the post for me today
How can they say they don not need permission when they sent out letters asking for our signatures? I f they didn't need permission they wouldn't have sent the letters? I have not signed anything and told them on the phone I did not agree
If this is the case that means they can change any part of the agreement??? total tosh
 
 

harrysmummy78

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Post by harrysmummy78 » Thu Jun 18, 2015 3:59 pm
I can only think that they have sent this out nearly 3 months after the creditors meetings as we can probably now not do anything about it. I would be very interested to know if anybody actually did receive a report in March as they claim that's when they were sent out.
Inter-locking IVA approved 25th Feb 2013 - F&F offer Accepted 06th July 2017 - Completion Certificate received 20th July 2017
 
 

recovering

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Post by recovering » Thu Jun 18, 2015 4:01 pm
What report?
 
 

harrysmummy78

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Post by harrysmummy78 » Thu Jun 18, 2015 4:11 pm
Chairman's report from the Variation meeting it shows how all my creditors voted on the variation :(
Inter-locking IVA approved 25th Feb 2013 - F&F offer Accepted 06th July 2017 - Completion Certificate received 20th July 2017
 
 

recovering

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Post by recovering » Thu Jun 18, 2015 4:15 pm
Did you ask why they bothered asking for our signatures if they didn't need them? Just when we all think things are settling down they through another curveball
They asked for our signatures, that implies they need our permissions????? or am I missing something? Wasn't this what our IP was fined for before??????
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