www.iva.co.uk

Hi there,

I have received a full statement from my IVA of my payments as I requested. Just wondered if anyone could explain what all the different amount are for, cheers

Total Paid - 2530

Bank Interest Net of Tax - 1500
Nominee Fee - 554.41
Supervisor Fee - 98.75
Office Holders Expenses - 376.84
Bank 1 Current - 0.16

Cheers for help in advance

Hi
£1500 sits in the client account[to be sent to creditors]
£554.41 has been paid to your supervisor in nominee fees.[fees to cover setting up the IVA]
£98.75 has been paid to your supervisor for
supervising the agreement for the year
£376.84 has been used to cover office expenses
£.16p is interest earned

Hope this helps
Regards

The figure of £1,500 appears to have been incorrectly analysed by your IP firm - but Andy is correct in assuming that this is the figure currently held by the IP pending distribution. It may be being held as a bankruptcy fund.