thank you for your help guys----------------my iva

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Andy.ap

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Post by Andy.ap » Tue Sep 14, 2010 2:30 pm
thank you for your help guys----------------my iva will not reduce the payments as they said- supporting my new wife who cannot work due to not being english is my choice and therefor they will not reduce. i feel vitimised and miss treated, is there anything i can do??? thanks
 
 

kallis3

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Post by kallis3 » Tue Sep 14, 2010 2:42 pm
Hi Andy,

Did you try speaking to your IP directly rather than the office staff? You can email directly via this link:

http://www.insolvency.gov.uk/fip/

You might find that you get somewhere by going direct.
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.
http://kallis3.blogs.iva.co.uk
 
 

Adam Davies

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Post by Adam Davies » Tue Sep 14, 2010 3:57 pm
Hi
It is really up to your creditors to decide rather than for your IP to say yes or no
Regards
Andam Davies
 
 

liamjames

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Post by liamjames » Tue Sep 14, 2010 4:04 pm
Your IP may have just advised you on what your creditors are likely to accept - unfortunately in my experience I would agree that reductions for reasons like this are unlikely to be accepted during an IVA.

You are welcome to ask your IP to write to your creditors regardless, but be aware that he may be entitled to charge a fee to the IVA for doing so.
Take care,

Liam James
Varden Nuttall
http://www.vardennuttall.co.uk

Read our reviews here: http://www.iva.com/iva_companies/Varden_Nuttall.asp
 
 

Adam Davies

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Post by Adam Davies » Tue Sep 14, 2010 4:39 pm
Hi
Your IP will have the whole picture regarding your circumstances and if they feel that a variation meeting requesting reduced payments is unrealistic or not valid then they can chose to not put this forward. Liam makes a good point in that there would be costs involved with any variation meeting and your IP may feel that your request doesn't warrant this cost.
You need to press your IP if you feel that it is unfair and try to agree a way forward
Regards
Andam Davies
 
 

MelanieGiles

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Post by MelanieGiles » Tue Sep 14, 2010 10:58 pm
Your wife is surely more important to you than your creditors. If they will not accept your revised offer, then I would go bankrupt where they will get nothing.
Regards, Melanie Giles, Insolvency Practitioner
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