It doesn't sound as though the IP is willing to accept an offer and Kevin cannot afford to make any additional payments. I hope one of the professionals can come along later and advise.
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
It doesn't sound as though the IP is willing to accept an offer and Kevin cannot afford to make any additional payments. I hope one of the professionals can come along later and advise.
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
This will all hinge on the exact wording of the proposal. Many of the older pre-protocol proposals actually specified the sum to be paid ( in all fairness, this was is a rapidly rising market and IP's were trying to pin the figure lower than the predicted rises in value --- but the bubble burst!). Many IP's these days seem to be proposing variations to bring the proposal in line with modern practice ... but it seems FJ aren't interested!
Kevin, ask Freeman Jones for details of their regulators as you wish to pursue a complaint because you feel that the IP isn't working in the best interests of the creditors or their client (you). This might make them listen.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Ronald - I don't think Kevin has any money to make an offer He can barely afford the monthly payments.
This is something to be sorted out between the client and the company and I do hope he can get something sorted out. It's not fair that he has come this far if it has to fail.
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
I hope he can get something sorted out but it's not looking hopeful.
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
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
It could be possible to propose a variation to remove the £3k as there is no realisable equity to fund it or a variation to extend the iva. The OP and the IP do need to find a way between themselves but the OP needs to know what possible options there are.
