IVA Calculator - Do I qualify?

Over half of my creditors were represented by these organisations -- they all voted yes. They can look at the proposal in a more detached way and will decide purely on the economics without seeing the account history.

bridgey wrote:

What/who are voting houses?

They are. I believe, organisations who handle the voting on behalf of creditors, like Tix and Max Recovery, as well as the likes of Grant Thornton.

Your IVA provider is your IP's firm --- so they should be aware of the policy and be singing from the same hymnsheet.

Ok so the F&F meeting is set for 17 May at 10:30. Regarding the sale, we’ve been asked to pay £400 for a sellers pack (leashold info) which we are happy to pay, but unsure about doing this before the offer is accepted. Any thoughts? Personally I would try to stall in case the offer is refused b...

Most (most!) IP's follow the procedure as in BR -- compensation for "pain & suffering" is yours -- but it must be described that way in the compensation offer. There is no specific mention of this in IVA terms and I have seen at least one IP in the past try to grab the lot --- we were ...

I used to operate two Cashminder accounts. My salary went into the main account and I left enough there to cover all the direct debits and standing orders. The rest went into account to for general food shopping etc. As the only income to the second account was matched by a debit from the main accou...

OK -- so you effectively had a 6 year IVA with an extension for equity ? Has the IP done a review since the change in circumstances ? Is he / she aware of the drop in income ? You can propose a full and final offer based on payments made to date, but this can take a few months to process, so try to ...

I’m sorry but I have to disagree with a number of points here. You state that IPs are not responsible for the PPI fiasco nor the Green/Wright case. Was it not an IP who forced the case through a number of judges because they did not agree with the outcome?? In my specific case the IP is asking me t...

Well done -- great news -- onward and upward

Excellent --- finally some service ..eventually.

I have completed 6 years in an IVA . I am aged 66 and receiving State Pension , and small private pension. I have no seperate earnings. Due to significant changed circumstances , there is substantial negative surplus in my Income and Expenditure statement , therefore negative affordability for IVA ...

When you say IVA revoked, what do you mean by that?? It was completed in 2011. Are you saying that all these years later my IVA could fail. If so what happens to all the money I paid in all those years ago? Couldn't say. I have never come across a revocation, but an insolvency professional mentione...

I might add that there is also the possibilty that the previous payouts will not be pursued because, at that time, even the IP's didn't know what to do with the money, so how could you be expected to know it wasn't yours ? A small straw to clutch at, but a straw nonetheless.

Bottom line -- the money belongs to the creditors via the IVA. The creditors / IP are within their rights to pursue collection and it is also possible for the IVA to be revoked. There is the possibility that the claims company will just be told that there is no refund payable without being told a pa...

I would consider making a complaint regardless: https://www.gov.uk/complain-about-insolvency-practitioner Thank you for you reply Lisa. Yeah we are going to complain on the gov website no matter what as we have waited more than enough now and not getting anywhere. Do you know what the letters are u...