Can anyone advise where the money over and above our debt is going to ?

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Steve.07

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Post by Steve.07 » Mon Jul 15, 2013 1:09 pm
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my debt was 20000...the total collected from us on the records of the IVA are 13000,then we had 14000 PPI which GT took ..this comes to 27000 right?...so where is the 7000 over our debt going to ??? can anyone advise?
thanx
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Foggy

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Post by Foggy » Mon Jul 15, 2013 1:10 pm
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In a word --- fees. Check your proposal / Chairman's report, it will all be detailed in there.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Michael Peoples

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Post by Michael Peoples » Mon Jul 15, 2013 1:16 pm
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It could be fees and there could also be statutory interest. As Foggy says check your annual or final reports.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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