why so little been paid to creditors

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Pandy

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Post by Pandy » Mon Jul 26, 2010 5:09 pm
I have no problem with the fees paid to the IP, as a lot of others have said that is between the creditors and the company, my payment is based on what I can afford I would pay the same amount whether 100% was going to the creditors or 5% as long as they are happy with what they get and the company is happy to represent me, I don't honestly care what the % split is.
Last edited by Pandy on Mon Jul 26, 2010 5:10 pm, edited 1 time in total.
If life is what you make it, I must have been in a strange mood when I made mine
 
 

Adam Davies

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Post by Adam Davies » Tue Jul 27, 2010 2:43 pm
Hi
I think the tone of Tobeornots postings are going to upset the general friendliness of this forum and I have therfore removed their ability to post.
Regards
Andam Davies
 
 

spla

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Post by spla » Sat Jul 31, 2010 4:49 pm
what a post unreal i wouldnt care if my iva company made millions out of me , it was worth every penny being able to pick up the phone answer the door sleep at night ? and the free advise of all the kind posters on here is priceles
 
 

Nicola.sa

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Post by Nicola.sa » Sat Jul 31, 2010 6:55 pm
The IPs put in so much time and work and they are professionals who provide a service which can be a lifesaver for an increasing percentage of the population!! If they didn't charge fees, the service wouldn't exist! As others have said they obviously have a lot of overheads as does every business. I hope the OP hasn't upset any of the lovely, helpful professionals on the forum. I have found on these forums that all it takes is one person to upset the majority of other lovely people. I am so glad that Andy nipped it in the bud promptly.
 
 

Mattybaldy

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Post by Mattybaldy » Sun Aug 01, 2010 12:21 am
I sometimes find the occasional poster's comments and attitude towards their creditors a bit uncalled for to be honest.

I very much DO give a hoot about how much money my creditors recover because they loaned me (and you) money in good faith, which we didn't pay back. I'm sure that like me, this wasn't intentional, but the fact is that they have every right to pursue us for repayment of the money owed to them.

There seem to be a number of people, not just on this forum, but elsewhere too that make creditors out to be monsters for expecting their customers to keep up their end of the agreement they entered into and repay the money they borrowed.

It is a great relief to have been granted an IVA, but I am nothing but apologetic to my creditors and frankly ashamed that I ever got into this mess in the first place.

[/quote]
I think you have to remember that people will look at what work is required by an IP to run an IVA in relation to their own work. A nurse who spends all day running round a ward for 12 hours,or a builder who works outdoors in freezing cold and rain may think that being an IP is an easy life!!

I am however of the same opinion as you,I couldnt give a hoot how much money goes to my creditors,the amount shall be as much as I can afford to pay,no more,no less.

Paul
[/quote]
Last edited by Mattybaldy on Sun Aug 01, 2010 12:22 am, edited 1 time in total.
 
 

MelanieGiles

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Post by MelanieGiles » Sun Aug 01, 2010 1:02 am
Don't worry about us professionals getting offended about adverse comment - it is an occupational hazard, and we generally have big shoulders and even thicker skin!
Regards, Melanie Giles, Insolvency Practitioner
 
 

Skippy

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Post by Skippy » Sun Aug 01, 2010 10:50 am
When I went into my IVA I didn't even think about fees as I just wanted a solution to my problems.

To be honest I can understand why some people don't 'give a hoot' how much their creditors get when you read about the way the creditors treat them. Yes they are entitled to chase for money, but not to the point that it affects people's health.
 
 

dw1983

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Post by dw1983 » Sun Aug 01, 2010 11:19 am
It doesn't matter to me what the fees are you can't beat the peace of mind an iva brings and knowing that there is light at the end of the tunnel is what will keep me going
Iva completed
 
 

Jodara

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Post by Jodara » Sun Aug 01, 2010 5:23 pm
Well said Mattybaldy. I too feel that I have let my creditors down and almost see each of them as a 'person' I have let down. I hate to let people down and strive to avoid doing so. I hope my creditors get as much as they can from my arrangement while at the same time I feel relieved and grateful for the opportunity to enter an IVA.
Oh and I beieve the IPs deserve their fees - they put a lot of hard work into helping to make our lives bearable.
 
 

kallis3

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Post by kallis3 » Sun Aug 01, 2010 5:30 pm
Totally agree with all the above.

IPs and their staff are worth their weight in gold.
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
 
 

Nicola.sa

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Post by Nicola.sa » Sun Aug 01, 2010 7:49 pm
I agree, they are worth their weight in gold... the good ones that is!! Before I found this forum I spoke to an IP who lied through his teeth to me!! He told me that creditors don't in any circumstance accept Full and final IVAs and that the creditors consider this a windfall. He told me that FF IVAs were a myth! Luckily I had done my research and discovered this lovely forum and the wonderful IPs that post here!! I really feel sorry for the poor fools who get hooked up with that cowboy!!
 
 

kallis3

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Post by kallis3 » Sun Aug 01, 2010 9:50 pm
I do agree there are good and bad. The first company we approached told us to sell our car and go bankrupt! Not an option when you have equity in your house and need a reliable car for work!
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
 
 

MelanieGiles

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Post by MelanieGiles » Mon Aug 02, 2010 1:22 am
Who was that IP Nicola - someone in Northern Ireland by chance? E-mail me off line if you don't want to embarrass him.
Regards, Melanie Giles, Insolvency Practitioner
 
 

Nicola.sa

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Post by Nicola.sa » Mon Aug 02, 2010 1:43 am
I don't mind embarrassing him at all. His name is Dave Callahan from Southern Tree Financial Management and he was adament that FF IVAs can not be done!! He sounded very plausable but I knew better as I had done a lot of research on the internet. He's actually from England.
Last edited by Nicola.sa on Mon Aug 02, 2010 1:45 am, edited 1 time in total.
 
 

MelanieGiles

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Post by MelanieGiles » Mon Aug 02, 2010 2:23 am
I've never heard of him - and I would put money on it that he is not an Insolvency Practitioner as neither he, nor his firm, appear on the Insolvency Service's website. This firm's website indicates that they are more of a debt management company.
Regards, Melanie Giles, Insolvency Practitioner
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