After posting my comments a few days ago, I finally received a call from my IP. They said they were ‘disappointed’ with my comments made on this forum ( this was stated 4 times in a 10 minute call). They said that this forum was not the best place to discuss such matters and that I should deal with them directly. Silly me, that’s what I thought I was doing when they didn’t bother to ring me back about potentially one of the most important decisions of my life. The whole call was very negative in my view, pointing out what I couldn’t do, rather than what I could. Apparently offering a full and final settlement was out of the question, and should I take the redundancy money I would probably have to hand it all over to the creditors, or, give them a lump sum, and if I could prove I was starting a business continue to pay the IVA after this. It seems to me, that my IP is telling me that there is no such thing as a f&f…? So the position now, is, that I have to stay in a job that I hate and possibly somewhere down the line be made redundant on statutory pay of about £5000, and forget about wiping the slate clean.
I was also told that even if I did try for some kind of deal it would take 4-5 weeks, and as I have to make a decision on my VR within 2 weeks I’m pretty well stuck !
My IP also stated that I shouldn’t take advice off other Insolvency experts as they don’t know the details of my case ( and there I was thinking that this forum is for exactly that !) The whole tone of my conversation with my IP was like I was in the headmistresses office for being naughty. At one point I was even told ‘ it’s not my fault you got yourself into debt’…how insulting ! No advice was offered as to whether offering £14500 F&f would be successful. In the 18 months I have had an IVA, I have phoned my IP for help on this occasion only, and yet she tells me, ‘I cant just drop everything to talk to you’…A great return for the massive fee I paid them at the beginning of my IVA and for the fee I have to pay at the end, but then, I was never very good with money !
It’s amazing how fast they were to ring me when they felt I’d ‘sullied’ their reputation…well guess what…reputations are earned not given ! To protect a good reputation you need to provide a good service, such as phoning people with important information when you promise to.
I don’t need to be told how foolish I’ve been with money, I already know, and I shouldn’t be treated like an idiot just because an IP feels ‘stung’ by my comments, which were facts, not fiction.
I think an offer of £14500 + the £6000 I will have already paid in by my proposed leaving date of 31st may is pretty good. That would be over £20,000 out of the £33000 they will make if I complete the IVA, and that’s if I can raise the ‘equity’ payment of £12000…which lets face it, I wont….my credit rating is shot to bits and my house is dropping in value, who the hell will give me a mortgage with that kind of a record ? If the IVA is extended for a year instead of equity release they will only get an extra £4000 making a total of about £25000 paid back…and I’m offering them just £3500 short of that right now !!!
Oh well…they risk the IVA failing as well as me….
Last edited by
MARLINA on Thu Mar 12, 2009 2:51 am, edited 1 time in total.
MARK PEARSON
