I have now got my date for my F & F which is going to be the 15/2/2010 at 10:30am which is great new so fingers crossed.
A quick question though and I am hoping you can help:
It states on the paperwork as follows:
In relation to this variation meeting your proposal states; The supervisor shall be entitled to draw additional fees of £500 plus VAT in the event that an additional meeting of creditors is convened for the purpose of considering a variation of the arrangement to cover his additional costs and disbursements. I will fund such additional fees by way of additional contributions. This fee shall be in addition to the nominee fee he may have drawn or be entitled to draw and the supervisor fee as detailed above.
It then goes on to say: Please be aware that the sum of £587.50 will need to be paid in addition to your contributions, to cover the cost of the variation. This figure can be paid in instalments on the condition that it is paid in full by the end of the arrangement.
So I guess my question is how is this paid and who pays it after all the reason I am doing a F & F is because my circumstances have changed and the payments are no longer affordable so where would this come from?
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