Hi all.
We recieved our first proposals on 11th April and we had some concerns over some of the wording and the value that had been placed on our property. It also showed bankruptcy as being a much better return for our creditors which really concerned us. As due to the over valuation of our property this most certainly wouldn't be the case. I sent a very detailed email to our IP who in turn, 2 days later, replied in detail and addressed all our concerns, and agreed with us. The proposals were to be amended in light of everything we discussed.
We recieved our amended proposals on Friday 20th. Some areas have been addressed, mainly the typos I'd noticed. But now suddenly the figures are showing different on our statement of outcome compared to the first proposal. The figures for income payment order (br) have suddenly halved even though the calculations remain the same. My total debt figure has reduced, which it obviously hasn't! And our mortgage balance is incorrect, even though this was pointed out after the first proposal.
I am frustrated to say the least as we waited 9 days for the new amended proposals and I fully expected to be able to sign straight away. But now we seem to have more issues than before! I do not feel comfortable at all signing it when i know the calculations are incorrect.
I've already sent an email to them detailing everything.
I guess my reason for posting on here is whether this is nornal to have a 3rd draft proposal done??. Through no fault of our own i might add! To say I'm worried about it is an understatement. How can they get the figures so wrong?? Should I approach another company at this late stage??
Some firms are a little more "creative" than others ! Personally I would be worried that they are able to manipulate what should be set figures so easily or blatantly.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
