Variation been declined by DFD

[Adam Davies]

Hi
DFD will look at keeping expenditure in line with CCCS guidelines.At present they are £302 for a family of three and £43 for clothing and footwear.The maximum on each of these is £360 and £56
Regards

[loopylass81]

Even if i went for the max they are allowing I would still only be able to give £258.50 which leaves me quite a bit short i think...

[Reviva UK]

Still would recommend you call one of melanie's team on monday.

They won't act as a go between but can give you their view - as IP's - of what I have written above and see if it tallies. At least that is a good place to start

[loopylass81]

I think i will call them on monday. Its a shame i didnt read up on the companies before I took out the IVA... oh well..

[Reviva UK]

Good for you
they will at least be able to explain the technicalities of your agreement and from that you will have a couple of options.

I was just thinking that if the way ahead is your IVA and you can come up with a viable plan for you and the creditors & DFD you might be do better making an appointment with the supervisor - John Fisher - and driving up to see him.

As you are in recruitment you can read body language well and maybe you can make a visit work for you. It would be good not to go alone.

see what melanie's team say

[loopylass81]

now thats a thought do you think he would actually meet up with me? My partner will come with me. I will definitely phone Melanie's team on monday and see what they say.

[Reviva UK]

I think if you make the effort to go to Chorley then there is no reason not to make such an important trip.

The main thing is if you go you have to have absolutely no emotion whatesoever otherwise you will not get anywhere.

You would also need to prepare a good position regarding income / expenditure first.

Bear in mind that if they don't agree to put forward a modification then if you fail to meet the total contributions then you won't succeed in the IVA and the termination options will come into play.

You may want to look at offering an extension of the iva term - i.e. an extended 6 months etc to make up any shortfall in the overall contributions.

just a thought.

[loopylass81]

something I had not thought of however wont that also mean larger fees to pay to dfd? the amount I think i need to make the 29p per £ is £354 however I have only managed to get it to £258.50 I have a short fall of £96.50 per month which I dont think 6 months will make up???

[Reviva UK]

Still think yuou need to doo some maths for confirm the outcome

60 payments of 354 is 21,240 and with the costs of DFD of 8k ish this will not represent 29% to creditors.

i would encourage you to get the IVA agreement out and check out to see if they are expecting to increase your contributions over time as I just can't see how you get to 29% otherwise.

You are right in thinking that the longer you are i an IVA the more DFD will receive.

[loopylass81]

aaah.. have just checked my agreement again and what should have happened was after the 1st three months my payments were due to go up to £454 due to reduce in childcare however my tax credits went down quite a lot so I could not pay the amount they wanted it has taken from October 2006 till now for them to sort out the variation??... I think im going to end up failing this iva due to DFD...

[Reviva UK]

If you need to chat I am on the road from 2pm for 4 hours.

happy to have a chat as you are obviously quite distressed - I will have the number on web page diverted to mobile just in case.

[loopylass81]

thanks for the offer Paul.. Im just throwing things in my head at the moment. I think once my partner has spoken to dfd tomorrow I will no more.. I have a few offers that I have come up with for them to see if they will agree to it.. I will post them on here in a mo for people to see if they are realistic..

[loopylass81]

just to update.. My partner spoke to dfd today and explained we were unsure what they were wanting for us as we have provided everything they asked..

The person who worked out our i&e obivously didnt have everything in front of him as he took it from figures I used at the start of my iva and not the ones we have supplied numerous times in the last 18 months...

They have now agreed we need to supply yet more evidence(I hate to think how thick my file is now!!) If they agree to what we have been telling them we may be able to at last put the variation through! Oh and we found out we have two ip's and not one is this usual?

[Reviva UK]

well done please keep us all updated

[MelanieGiles]

A lot of firms put two IPs on their jobs, to avoid expensive Court Order transfers in the event that one leaves the firm or retires. Generally only one of them will really be involved in the ongoing administration of your case.