Thank you all for your support and encouragement.

[scaredkez]

good luck for today.
kerri

Please view my blog at: http://scaredkez.blogs.iva.co.uk/

[aguise]

All the best for today, still thinking of you, keep yourself busy and let us know asap.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/

[bagpuss]

Fingers and Toes crossed for you xx

[Skippy]

Good luck for today Sorted x

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[Oliver]

All the best for today, hope you get a positive result.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[sorted]

I called my ip at 4,I could not hold any more. Unfortunetly the creditors requested additional £155 between us. Barclays voted yes by 37% requested that amendment. I have asked my ip to agree to this as I just want this sorted, I will have to do without a few things. Waiting for the response from ip tomorrow.

Power to change is within me

[MelanieGiles]

How on earth are you going to afford that increase? In my opinion that is unaffordable, unless you did not put down correct figures in the first place. Why is your IP not representing you here and saying that you cannot afford this increase? By accepting such a high increase you are both effectively saying that the figures were not correct. There is always room for ongoing negotiation - we do it all the time with all of the creditors.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[sorted]

Thanks Melanie, we have been on DMP paying £600 pm for the last 2 years. As you know with DMP they are expenditure is less generous. Therefore I would rather pay that amount towards IVA.

Power to change is within me

[Adam Davies]

Hi
I blame the creditors for asking for another £155.
What they are saying is that they do not agree with your IPs figures and now have put your IVA at risk.
A few extra pence dividend may mean that your IVA will fail whilst agreeing to the proposed figures would have drastically improved the chances of a successful IVA.
Good luck to you both.

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[sorted]

The other point that I would like to make is that I just received a mortgage increase of £115 after sending my proposal. As a result of this, in my response to the creditors I have agreed to £155 but will actually pay the creditors additional £40 taking into account the mortgage increase.

Power to change is within me

[MelanieGiles]

Now I am completely lost - but assume that you feel you are doing the right thing. I am afraid that I do not, but like Andy wish you the best of luck.

It is cases like this which make the creditor industry believe that IPs are trying to fudge the figures, and that debtors can pay more - and sadly lots of genuine cases get unfairly inflated contributions increases which are barely affordable.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[OPTIMIST12]

Sorted -

Surely your mortgage increase will have to be paid in ADDITION to the £155 extra requested directly by your creditors? Or does the £155 include the £115 mortgage increase - meaning that the actual IVA creditors only asked for a £40 per month increase?

[sorted]

Sorry for the delay in updating you of the outcome. I called the Ip office and was informed that the creditors have agreed by email, but they are waiting for the paperwork to come over.

To make it clear about my offer, the creditors requested additional £155 on our previous offer. But after making them aware of our recent mortgage increase of £115 they have agreed to £40 increase while I absorb the mortgage increase.

Now I waiting for the paperwork to come through. Thank you all for your support and encouragement.


Power to change is within me