10th year in iva

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Chappie1

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Joined: Thu Feb 23, 2017 6:34 pm
Post by Chappie1 » Thu Feb 23, 2017 6:44 pm
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Hi all

I just wanted to ask a question. I keep getting letters from debt free direct but my emails come from fairpoint. What's the difference?. I have letters from dfd asking for just over £200 to finalise my Iva. I am happy to pay this as its been a long hard slog I've had more downs than ups. I have not paid this amount yet because I cant get an answer on the shortfall of my property that was repossessed in 2015. Please help I have tried to sort this out. I dont want anyone chasing me for money after the Iva has ended. I am banging my head against a brick wall. I just need to know the shortfall has been in included

Thanks

Chappie
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Foggy

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Location: United Kingdom
Post by Foggy » Thu Feb 23, 2017 7:01 pm
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DFD are part of the Fairpoint Group of companies. As for the shortfall, I am afraid you have to keep pestering DFD for an answer. You could lodge a formal complaint, which you can then escalate to their regulators if not sorted.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Chappie1

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Joined: Thu Feb 23, 2017 6:34 pm
Post by Chappie1 » Thu Feb 23, 2017 7:07 pm
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Thanks foggy. I have been pestering them since 2015. Since my house was repossessed
I will have to make a formal complaint as you said 10 years is enough for anyone.
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Michael Peoples

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Post by Michael Peoples » Fri Feb 24, 2017 9:08 am
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If the property was repossessed during the IVA and the mortgage was in place at the time the IVA was put into place then our legal advice has always been that the debt is captured. You may need to make extra payments to meet the dividend which could explain the 10 years but no one should be able to pursue you post IVA. However you would need to get confirmation of this from your IP as that is only my opinion based on our experience.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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Laura Harrop

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Location: United Kingdom
Post by Laura Harrop » Mon Feb 27, 2017 3:30 pm
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Dear Chappie1

Thank you for your post. I am happy to look into your account further, please send an email to DFDForumSupport@fairpoint.co.uk with your name, reference and address and I'll arrange to look into this for you.

Looking forward to speaking to you soon.

Many Thanks
Laura
Debt Free Direct
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redboxtree

Posts: 149
Joined: Sat Feb 25, 2017 2:41 pm
Post by redboxtree » Mon Feb 27, 2017 8:45 pm
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Fairpoint may understand how they are set up as a group of companies but that is likely to lead to problems as they share information between different limited companies.

The following is interesting and may explain some of the reasons why they are erratic http://www.legalfutures.co.uk/latest-ne ... nues-apace.

Note the reference to their "once core" solutions:

"Fairpont’s once-core debt solutions business saw revenues fall from £11.6m to £6.9m, due to “adverse market conditions”. In July, Fairpoint announced that it would be leaving the debt management plan market due to regulatory changes, while it has also halted marketing its individual voluntary arrangement services."

They are moving progressively into legal services.
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