Johng79 wrote:Just logged into account see any movement. Some still have available credit, whilst biggest creditor's card (have c/c & loan) says account has restricted functionality and to ring them for more info.
Different creditors deal with / account for debts in a debt solution in different ways: Some just close the account, some run it as normal (and you might get statements with interest apparently running). A few set up dummy accounts for the IVA payments and it looks like nothing is happening on the "real" account ---- it all matters not, as these will all be written off when the IVA concludes satisfactorily.
I used to send copies of any correspondence to my IP for information --- they could either act on it or file it in the shredder, as they saw fit --- as far as I was concerned it was not my issue.
Johng79 wrote:when do modifications start coming through?
It varies, dependig upon how pro-acttive each creditor is and how your IP deals with the votes. In my case I heard absolutely nothing from my IP until an hour or so after the meeting, when I was told that the creditors had amended their fees ( not my concern) and that they would only allow half of my allowance for bus fares (it was a contingency allowance anyway -- so I was still ahead), asked if I would agree --- said yes and that was that !
The IP's do not usually come to you with suggested modifications as they come in because, at the end of the day they might well not have the voting power to be carried through anyway -- and that wouldn't be known until the final deadline. If a biggy comes in which would tip the 75% balance anyway, the IP might contact you --- but this is really a "how long is a piece of string" question. The creditors will only deal with the IP regarding the proposal -- they will not be contacting you with modifications or votes.
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