Everlengthening IVA - Part 2

[gimmewine]

I would definitely take this up with the IP and query the excessive activity in relation to a very simple account. Make sure you mention you intend to submit all your paperwork to the Financial Ombudsman.

Imho this is an absolutely ridiculous no of hours. I used to do a very complicated set of accounts for a sole trader. You think of an anomaly and it applied to him. It took me 18 months to get IR and Contributions Agency to agree to the figures and tax I had calculated but even over that time span I did not spend more than 30 hours on the accounts and that was drawing them up, corresponding with IR and Contribs agency and paying over the money. The following years, because I had set up the basic accounts and had reached agreement on %use etc it took me about 10 hours for the lot.

[chris_]

Thanks Melanie,

I wrote to the ombudsman over a week ago but haven't heard anything back yet - I will contact them directly on Monday.

I appreciate your help, advice and opinion, and I have tried to portray my circumstances as fairly and honestly as possible. If I was a whinger and a moaner I would probably have had a go about these charges a lot earlier, but it is this forum and particularly your advice which has pointed me in the right direction - I thought that if i was getting ripped off like this then everyone else must be as well - it has come as quite a shock to realise that they are not.

My IP has repeatedly pointed to the fact that they had to spend time dealing with HMRC, but I cannot find in their time/costs anything major regarding this at all - £700/£800 at most and I have tried to look at the IVA from their perspective and have on many occasions on my posts ignored the first two years of the IVA with regards costs to try and get a balanced picture of the costs of running the IVA for the last 4 years when there should be nothing unusual except writing a few letters to me If I have been late with a payment etc. - but £4k in 2006 for 2 creditors and the 5th year of the IVA, come on give me a break!

The fact that the IP quoted 50hrs for 3 year IVA and has now done 871 and counting says it all really doesn't it

PS, They are still threatening to bankrupt me because I am behind with payments now, and I have had some further issues.

My wife (as mentioned on my previous posts) has been looking after our 21 month old son and we had decided she would now go back to work to bring in some more money. Just as we decided this 2 weeks ago we have now found out that she is pregnant with our second child (due January) so while it is fantastic from a family point of view, it puts an end to her going back to work for a while.

Oh well, onwards and upwards - I am very much from the 'my glass is half full' brigade not the 'half empty' brigade - otherwise I would have gone mad.

I had bettter go see my wife now !

Chris.

[chris_]

I must learn to type more quickly!! - crossing replies all the time.

Thanks Gimmewine for your inputs, they are very much appreciated as well.

Chris.