Aperture

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Chappie

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Post by Chappie » Thu Nov 08, 2018 3:55 pm
I am gutted despite being told if I made my last payment of nearly £700.

I have just received an email from them saying that unfortunately they cannot move forward on my completion. If I had gone bankrupt this would have gone on as long as this. I have at least 6 emails saying that if I made payment then this would be the final payment.

They have said because I lost my home and the shortfall was included this reduces the creditors payments to 21p instead of 33p.

They have said they need to contact the creditors. Will this never end.. I am so fed up.. This is now the 11th year.. I lost my home and in hindsight should have gone bankrupt.. 11 years I have been trying to get sorted.

Can I do anything. I have been totally mislead by aperture.

Thanks

Foggy

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Post by Foggy » Thu Nov 08, 2018 4:00 pm
You will need to lodge a formal complaint with Aperture which you can then escalate to their regulatory body, via the Government Gateway, if no joy. I am afraid that, as things stand, the best outcome would be a fine by their regulators if the complaint is upheld.

The Government Gateway is here: https://www.gov.uk/complain-about-insol ... actitioner
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/

kallis3

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Post by kallis3 » Thu Nov 08, 2018 4:08 pm
How awful for you! I do hope you can get this sorted.
http://kallis3.blogs.iva.co.uk/
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.

Lisa Thomas

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Post by Lisa Thomas » Thu Nov 08, 2018 4:39 pm
Did your original proposals offer a minimum dividend for the IVA to be successful?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

Chappie

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Post by Chappie » Thu Nov 08, 2018 4:43 pm
Hi

I have just sent them a reply. Stating that I will be making a formal complaint. If I don't get any joy out of them then I will escalate it further

Thanks

kallis3

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Post by kallis3 » Thu Nov 08, 2018 4:55 pm
Keep us informed.
http://kallis3.blogs.iva.co.uk/
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.

Chappie

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Post by Chappie » Thu Nov 08, 2018 7:27 pm
Lisa Thomas wrote:
Did your original proposals offer a minimum dividend for the IVA to be successful?
Hi Lisa

The original. Dividend was 43p then as the years moved on and I had a reduction in income and several reviews it reduced. I came out of work and defaulted and lost my home. The shortfall was added to the Iva this is what has reduced the dividend. This was 3 years ago so why am I only finding out now that I can't end my iva. Aperture. Awful company. I have had my iva with that many companies it should have finished years ago. I will still be in an iva in another 10 years at this rate. Can't see any end to this

Lisa Thomas

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Post by Lisa Thomas » Fri Nov 09, 2018 9:18 am
Was the original dividend just an estimate or did you promise a minimum dividend as part of your proposals?

If the dividend was an estimate then it seems odd that the IVA would fail just because the end dividend will be lower than was originally estimated - this happens all the time in IVAs.

It sounds to me like somewhere along the line you agreed to pay a minimum dividend and this will be the key.

Ask your IP to specifically clarify why a lower dividend will result in failure of the IVA and to specifically tell you where in your IVA proposal/terms and conditions/any variation etc this derives from.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

Chappie

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Post by Chappie » Fri Nov 09, 2018 3:25 pm
Lisa Thomas wrote:
Was the original dividend just an estimate or did you promise a minimum dividend as part of your proposals?

If the dividend was an estimate then it seems odd that the IVA would fail just because the end dividend will be lower than was originally estimated - this happens all the time in IVAs.

It sounds to me like somewhere along the line you agreed to pay a minimum dividend and this will be the key.



Ask your IP to specifically clarify why a lower dividend will result in failure of the IVA and to specifically tell you where in your IVA proposal/terms and conditions/any variation etc this derives from.
Thanks lisa

I hope it doesn't fail after nearly 11 years. I have all my paperwork and have a look through. Thanks for the advice.

kallis3

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Post by kallis3 » Sat Nov 10, 2018 9:59 am
Fingers crossed you get it sorted.
http://kallis3.blogs.iva.co.uk/
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.

Chappie

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Post by Chappie » Thu Nov 15, 2018 12:11 pm
Hi

Aperture have let me know there is a creditors meeting on the 12th December for my iva to conclude hopefully.. Had a lengthy email from aperture to explain why they had given me false hopes. Apparently it was t heir intention to do this.

Keep you posted

Thanks
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