Dreadful that you should be encouraged to carry on when there is no guarantee of future employment.
I don't know how you stand with getting a refund, but I would certainly be trying!
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 met with them in person a month ago when the proposal was signed and they informed me that they had put through around 10 that week all of which were approved and at a lower p in the pound.
The introductory firm is based local-I got them from looking at local debt advice in yellow pges- maybe that was naive of me. I have found them to be ok and when I raised complaints re my IP previously they took it seriously and raised the issue with the IP
I will speak to both parties tomorrow regarding the refund and let you know how I get on....
Thanks for all your support, its been a very long four months and hopefully will be there eventually,
I think I know the owner of Bond Partners - let me know how you get on.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
I thought 45p in the pound was a pretty good dividend.
I hope you get on ok when you speak to them today.
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
Have not been able to contact the IP- they have been in meetings etc all day! I have sent an email and copied in a senior partner stating I cannot consider any increase the creditors are looking for and that I did not wish to continue as it was inappropriate not knowing when I would next have employment and how much the salary would be.
I went and met the company who referred me (was there an hour and half) they were pretty outraged that the IP had advised me to go ahead when I had lost my job. They said they will be discussing my case in person with them and that they saw no reason I should not receive back what I have paid over. They were glad I had informed them of the issues I had with them and were looking at whether they would want to refer people in future. I will let you know if I get refunded.....but its defo back to Square one after 4 months!
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
The big challenge is getting a job and getting on my feet!!!!
As soon as things are more secure I can kick the process off again.....I think I will hold off the DMP until my income is regular. At the moment I will continue with the token payments, which im sure will please my creditors no end.
BR is seeming like the more sensible option but it fills me with absolute dread
BR is not as bad as you think. If you have no assets, it could be a good solution for you.
Read Skippy13's blog, as she went bankrupt after a failed IVA, it will tell you how she is managing.
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
Perhaps the IP referring firm would like details of other IP firms who would be happy to work with them!!! As ever - details of all IP firms can be found on www.iva.com.
Personally, I think that there are grounds to represent your case, but you would have to abide by set allowable expenditure, and if you could not work within those margins there would be no point in putting this further again. Worth getting someone else to have a look - it would not cost anything - and in bankruptcy the same expenditure allowances are generally used.
I already did that Melanie! I advised that I was more comfortable posting on here and getting responses than I was in calling my IP which was not a good state to be in if I was to be dealing with them for the next 5 yrs. I mentioned some names and told him to take a look on here.
I have no issues at all in sticking to the expenditure guidelines, and have stuck well to them for the last 4 months while the proposal was being drafted.And all were well withing CCS guidelines. However there is cutting back and there is cutting back- £135 a month on food would have been a huge struggle and £100 rail ticket when the cost is £300 was non negotiable.
I fully intend to put forward a new proposal at the point I am working again
hi melanie,
i noticed that you thought £130 per month for food for a single person was a very low amount.
i agree with you, my iva was approved last april and was given £140 for housekeeping/food, i am a larger than average person being 6ft 5 and weigh 18st and train alot so do eat more food than the average person and to be honest, £35 a week for shopping doesnt go far, espescially if you are buying healthy food. all offers in the supermarket always seem to be for junk! lol
anyway, i am due my annual review, so do you think i should mention this in a covering letter as you said you usually push for around £190
many thanks
CCCS guidelines allow an upper limit of £195 per month, and given the circumstances you describe I am suprised that this figure was not used by your IP from the outset. I would definately show that you need a higher budget now - don't wait for the next review.
Stressed - when you get sorted and a job - start the process and go directly to a firm of providers of solutions. Visit www.iva.com select one or two and then suggest you ask them the questions I have posted here:
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
