www.iva.co.uk

Hello, I have been in an IVA for over four years, at first when i took out the IVA, I was earning good money, BUT unfortunately, changed jobs which meant almost half the wage, so i requested if my IP, could reduce the payments,My IP did NOT respond, so after complaining on this site, one of the experts helped me, and advised me resulting in my monthly payments being more realistic compared to my income.However, my IP added another year to my IVA to cover the lower payment, so now I have another year of payments. My question is, I am due to retire in January, and although i intended to carry on working to pay my IVA off, I know find that as I have already had three heart attacks, and now suffer from Emphasimia, I will probably HAVE to retire in January 2012, I am worried sick, as I definately would not be able to pay as much IVA, on a state pension, Can I ask for a settlement figure, as my family have rallied around and offered me help. How can i get a settlement figure, and what happens if my IP does not reply or grant my request, where do i go from here. Thank You for your valuable time, and hope you may be able to help.
Warren

You can offer a full and final offer. Nearest to the original dividend would be best. However, personally I would be more inclined to ask your IP to put forward to the creditors that they accept payments to date due to your ill health and retirement.

You have nothing to lose and if they refuse you could then come forward with an offer to finalise the IVA.

Was it your IP who didn't respond or just someone from his office? Sometimes the IP is not made aware of any problems in the IVA unless they are critical and can't be sorted by the office staff. Do you know who is your IP and do you have a direct contact means with him/her. You may be better when phoning your company to demand that you speak with your IP or make arrangements to communicate directly with him.

Hi - I agree with asking to accept payments made to date as f&f in the first instance. If they don't respond to your first calls and emails, you just need to keep on keeping on at them x

Hi Warren. I think you have a very good case for asking for payments to date to be accepted as full and final.

Who, might I ask, are you with ?

I would agree with others and request a payment to date settlement. If this is turned down, then offer a F&F on a the basis of the family money that can be gathered - the closest you can get to dividend agreed at the outset the better.
Good luck and let us know how you get on.

To the Five people who posted on my question, I would like to Thank Each and Every one of them, I will be following their advice, and as they say, my IP can only say NO, but at least I have tried, and notified them of my situation.
Its very reassuring to know that there are people out there that DO care. Thank You so Very Much, I will be in touch as soon as I get some kind of reply, BUT not holding much hope, as they usually take 2 months to get back to me.
Foggy, I am with DFD. as you asked who I was with.

Hi Warren. DFD have a representative who posts on here, Declan. He has been a great help to many of DFD's clients (as well as to those of us with other firms). Hopefully he will see this and be able to give some advice.

Thanks for that info Foggy, I really do hope that Declan sees this and may be able to assist in some way, as I said before, I have always come up against a brick wall with DFD, they take so long in replying to problems, which only means more worry and concern to people who actually DO need help and advice at a crucial time. Thank You again.

I haven't seen Declafoot the forum for a while but will bump this back up for you x

He's not been on for a while. I'll drop him an email and ask him to have a look at this thread.

Damn my phone...I don't even know what a Declafoot is!

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Broke of London

Damn my phone...I don't even know what a Declafoot is!

It's how Declan measures his catch when he's been fishing ...... to you and me the fish would be 6 inches long, but to Declan it's a foot .... hence Declafoot.[:D]

lol

Hi Warren
Firstly - thank you Jan for alerting me to this posting. Warren - please drop me a quick email with your details on there and I will get this looked at asap as a priority. Without knowing your case details I can’t comment much but i will certainly help as best I can.

My contact details can be found in my profile.

Thanks
Ps. Foggy - Declafoot? I have been called some things in my life, but never that!! I kinda like it though!