letter to IP

[vincent.ma]

i too can not speak with my ip now ,,,,since i,ve been shruggling , i,ve been told i have to spk with understudy and this is a small family business as i,m told ...

[MelanieGiles]

Which firm are you with Vincent.ma?

[vincent.ma]

debtfocus...in wigan..

[kallis3]

You should be able to speak to your IP direct.

Try emailing via this link:

http://www.insolvency-service.co.uk/newipsearch.htm

[moneypenny]

hi all, I contacted my IP firm today and spoke to L... D... at simple debt solutions, she has just opened the mail, as she say's they have been closed for xmas hol's since 24th dec, She has assured me that she will look at all reciepts and the new INC/EXP and get another proposal drawn up and sent to me in a couple of days. I told her that i would call back on mon if i hadn't heard from her by then. I was asked to email the reciepts on 23rd dec, bvut couldn't as I'm having trouble with my scanner, although it would not have made any difference as they closed for two wks, or did they?

I don't know what to believe at the moment, she gave me such a lot of confidence when i spoke to her on 23rd dec, and didnt say that they were gonna be closed through the holidays. And today she rushed through the phonecall, and just made me feel obliged that she was there, talk about falling flat on my face[:(!]. I feel like i have a ball and chain round my neck, as i have done everything i can, and gave more than adequate information,. not knowing what else to do, until this new proposal is done, its just a waiting game. I think they have forgot that i have a life too.

[MelanieGiles]

Give her a chance as she has said that she will look at this for you over the last couple of days. Firms which have been closed for the Xmas holidays are bound to be busy right now in dealing with their mail - and as you say you can give her a chase on Monday. Be persistent, and she is bound to deal with it if only to stop the phone calls!

[moneypenny]

thanks Mel,

I'm just very anxious at the moment.

[moneypenny]

hi everyone,
just a couple of questions.

if we go brupt do we lose our house even though there is no equity in it, and we've never defaulted on the mortgage or loan?

if my monthly payment is changed by the 15% rule, which mine was, it was reduced from £380 to £325, then does the shortfall count as arrears?

[Skippy]

If you go BR and your home is in negative equity you can usually ask a third party to buy the beneficial interest from the OR for a nominal sum of £1 plus costs.

I'm not sure what would happen about the reduction, hopefully one of the experts will be along shortly to confirm.

Have you heard anything back from your IP?

[MelanieGiles]

It will depend on how you propose to deal with the shortfall, and whether this is already covered off within your proposal documents. Ask your IP for clarification on this point before the proposals are presented to ensure you are happy about the revised offer.

[moneypenny]

the 15% was agreed months ago, i have not missed a payment at all, they did not advise if it had to be payed back or not, we did reduce our dec payment by £280 for a garage bill, we sent reciepts in and it was agreed that we could pay it back once we got some contiengcy saved. on the new letter for variation it say's we are in arrears of £502.05, and that we could not maintain contributions, but thats not true, it is to the fact of the terms of contract,but permission was granted by the firm for the 15% and the reduced dec payment. do they not have to explain to the creditors why this has come about, i feel its putting us in a bad light, when we struggled from the beggining, we dont want this to fail, we were just ignorant and didn't get the right support and avise in the first place. the new variation is costing another £500 plus vat, i know we dont actually pay that out, it comes out of our mthly payments. our fist payment was in june, with 8 payments gone out not one has gone to the creditor's, is it normal that it takes a while for creditors to recieve any money?

[MelanieGiles]

It is not unusual to not see any returns to creditors within the first 8 months Moneypenny.

[millsy22]

hi on my and other half proposal sheet it tells me when the payments will start to go to the creditors other half after 8 payments mine after 16 so it can take awhile to show