I feel that my money is disappearing without explanation

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black mad woman

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Post by black mad woman » Fri Jan 02, 2009 12:36 am
Freeman Jones is the company I have my IVA with but at times I feel that my money is disappearing without explanation. I can not find a way to ask them how my money is being distributed at present am paying them over £700.00
 
 

MelanieGiles

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Post by MelanieGiles » Fri Jan 02, 2009 1:36 am
Hi there and welcome to the forum

If you are concerned to learn how your money is being distributed to creditors, this ought to be reported to you each year with your IP's annual report, but there is no harm in asking for in interim distribution statement from them which they ought to be able to supply with ease.
Regards, Melanie Giles, Insolvency Practitioner
 
 

David Mond

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Post by David Mond » Fri Jan 02, 2009 2:14 am
How long have you had your IVA for? Write to your IP and request a copy of your Annual Report and the Annual Receipta and Payments Account - they should, as Melanie stated sent this to you on each anniversary.
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.
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