www.iva.co.uk

Hi
I have just had my letter from payplan in regards to a new meeting about the changes to the terms and conditions of my IVA since it was moved from debtmatters,It is 1st of MAY.For some reason I feel quite nervous now even though my IVA will continue as normal(Ihope)whatever the outcome of the meeting.One other question is have the company got 2 months grace after the anniversary of the IVA to conduct a review.

Thanks P

Yes - the new IP is bound by the same statutory regulations as the old one.

No reason to be nervous about the meeting, once your IVA is in place creditors seem to loose interest in the debt providing they get back the same proposed dividend.

As there is no change to the proposal other than supervisor dont think you will have a problem.

That's reassuring to know Carl ... my F&F is being offered on the basis of my original offer under the IVA.

Debbie

Hi Thanks for the replies
They are asking to increase the fees and by my reckong it will be chucked out,The creditors wanted in the original 40p in the pound but If pay plan are wanting 25% uplift in fees it will mean they will be getting 32p in the pound. by the way this is taking into comparison on currant fees which are approx £12000 and what payplan want is £18250. I have a debt of £73000.
I only hope they dont want to up my contributions to get the 40pence threshold!
P