I have had a conversation with our IVA company this morning , our account manager has left and we were not told , so we are dealing with various people now , who don't know us and we have been told that some of our debts have increased in value , how is that allowed.
Who has told you this? Which company are you with?
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
Debts cannot increase after the meeting of creditors unless statutory interest is applied. It is possible the debts were understated in the original proposal or you are not in an IVA at all. It is not uncommon for people to think they are in an IVA when in fact it is a DMP and debts can rise in these arrangements.
Looking at your previous posts you were going to be paying a full and final last month - did you manage to do so?
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
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
Ask your IP to clarify which debts have increased and how? They have to adjudicate claims before doing a dividend but some firms may pay more attention to these than others...
