If the creditors feel that the fees are too much, they can insist on a modification that the IP's fees are reduced.
How much are the fees?
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
well they are fees for different things over duration of the proposed iva i would have to get the paperwork out for exact figures i mean they have to be paid for all their work dont they they did say they would be prepared to drop their amounts if they wanted a modification
You may be ok with them, it's just that we haven't seen them on here before, but I suppose that every company has to start somewhere.
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
I think I'd be wary of someone that no one else seems to have used. Make a few calls(i would suggest Melanie who posts on here or David Mond),to discuss whats going on. I would trust no one that just dropped there 2 months fees when asked to.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
Jewl has already had a creditors meeting though, which has been adjourned until next week, so is rather stuck at the moment.
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
Jewl - check your proposal and give us details of what fees are put in your proposal for Nominees and what fees for the Supervisory work please? Don't know why it was adjorned - ask your contact at the firm as to why?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
I believe it is - jewl61 what are the fees quoted?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
they wanted 2 months payment before the iv was proposed that was the fee they dropped not the fees on proposal they seem to have quite a bit of knowledge on ivas and said they have alot of clients i will soon find out what they are like.
The 2 months fees - was that to be credited to your IVA pot and be part of the 60 payments you are going to make - or is it in addition to the 60 payments?
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
hi david it was there charges before the iva could be proposed nothing to do with the iva payments and these 2 payments were to be made by direct debit to re2black but i said there was no way i could afford to pay 650 before i even started and for some reason they overlooked the payments and went ahead
