Was it the ip who actually stayed this or one of the yellow minions popping up (thats doing a disservice to minions).
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
The person I have been speaking to its in charge of my last year review and equity release attempt. They are not the supervisor that I have been dealing with previously. I would be interested in David Monds opinion on this matter and whether this is classed as normal practice to try and get less money for the creditors than is actually possible????
This does seem odd and it is your right to propose a variation at any time. If you are offering a full and final settlement based on a secured loan I am sure creditors would look favourably. A number of our clients have done this and no my knowledge every case has been accepted.
David will likely pick up on this and I am sure he will help. Hopefully you can get this resolved and get the closure of the IVA you are looking for.
The latest is that if I try to get a secured loan or try to sell the house then I will be in breach of my IVA and they could start bankruptcy procedures. My stress levels are starting to rise. Surely it can't be this difficult. Its like they want us to stay in an Iva but for what reason I dont know. Do they stand to make more money from us being in it rather than out. I do not want to say who we are with as this may not be a company problem but an individuals. All I will say is that David Monds opinion would be very much appreciated!
Last edited by Thenameisnomax on Thu Jul 23, 2015 9:47 am, edited 1 time in total.
You are allowed to get credit with the consent of the supervisor. The money raised will only be paid to creditors once accepted so whoever you have been speaking to is getting the wrong end of the stick. Ask to speak to David himself or if you cannot get him there must be a senior manager who will understand what you are trying to do.
Thanks Michael. Everything so far has been circumstantial to see if was even possible. Now that I know it is it was my intent to inform the supervisor as you say. I think I may need to escalate this.
I would be grateful if you could e-mail me directly (david.mond@cleardebt.co.uk) with your contact details and I will be happy to review for you once I have been able to establish the specifics of your case.
I’m sure we will be able to work together to find a sensible solution for both you and your creditors.
Regards,
David
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.
