Search found 8 matches

Search found 8 matches Page 1 of 1
by kerry267
Wed May 16, 2018 11:27 am
Forum: Ask IVA Forum and Industry experts
Topic: can someone please provide a template IVA contract?
Replies: 4
Views: 5645
There is no over riding template for all IVA's. Some use R3 terms and conditions, some use Protocol terms and conditions and some are pretty much free drawn to reflect whatever the circumstances are in each case. The "Standard Terms & Conditions" for R3 and Protocol cases are also oft...
by kerry267
Wed May 16, 2018 9:45 am
Forum: Ask IVA Forum and Industry experts
Topic: can someone please provide a template IVA contract?
Replies: 4
Views: 5645
can someone please provide a template IVA contract? ie what should be covered within the contract.
I would like to see what kind of provisions are standard.
would what type of IVA it is, full and final or duration should this be clear and unambiguous?
what if it doesn't state?
by kerry267
Mon May 14, 2018 10:28 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA Information
Replies: 13
Views: 5334
Lisa Thomas wrote:
Was their quote fixed or an estimate?

Unfortunately estimated
by kerry267
Mon May 14, 2018 9:55 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA Information
Replies: 13
Views: 5334
I presume as the Bankruptcy was annulled all of the Bankruptcy costs were paid off in full? Assuming yes then would the £39k have paid off all the IVA creditors, interest and IVA costs and was it paid? Apart from the fact they billed for £9000 fees when they quoted £3500. Debt total was £36150 incl...
by kerry267
Mon May 14, 2018 8:55 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA Information
Replies: 13
Views: 5334
He was bankrupt. But insolvency practitioner annulled it and put IVA in place. Subsequently The IVA failed because they couldn't get pension paid in directly. They have since successfully petitioned again for bankruptcy to get the property. But my question is do they have duty to make a fair proposa...
by kerry267
Mon May 14, 2018 8:01 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA Information
Replies: 13
Views: 5334
Also the insolvency practitioner didn't negotiate any reduction in debt and didn't include any details of schedule of repayment of debts in the debtor proposal (which was accepted by HMRC).
The only information it included was that they would prioritise their own fees above creditors :shock:
by kerry267
Mon May 14, 2018 7:37 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA Information
Replies: 13
Views: 5334
Thanks for the info. I can't understand why the insolvency practitioner didn't do a lump sum IVA? They knew the lump sum payment of the estate would probably cover the debt but they made the IVA 5 years and included pension paid in monthly. We were not given lump sum option or debt management plan o...
by kerry267
Mon May 14, 2018 6:07 am
Forum: Ask IVA Forum and Industry experts
Topic: IVA Information
Replies: 13
Views: 5334
IVA applicant has debts of approx £30000 owing mainly to HMRC with a bankruptcy petition against them, debtor is expecting cash injection of £39,000 imminently from a deceased spouse estate payout as well as pension payouts £4255.19, Monthly pension payments £310.12 per month. Do you think a debt ma...
Search found 8 matches Page 1 of 1