new income and exspenditure

[Cath]

I think all IP firms should have a code of conduct to treat their indebted clients like adults and not naughty children as your IP seems to make you feel MoneyPenny xxx

[moneypenny]

thankyou all for your comments, i'm still waiting for the new forms to come, my ip is martin maloney from simple debt solutions and the supervisor is sandra elliot, once ive filled the new forms in, i'll send them back to martin recorded delivry, i.m also gonna put a covering letter in requesting an hour appointment via phonecall, i'll keep in touch cheers everyone, its funny how feeling down comes and goes like waves on the sea. have had a good day today with granddaughter she nearly 9mths. bye for now.

[Cath]

Totally know what you mean, I've been up and down all day, good luck on the phone call and keep us in touch xxx

[MelanieGiles]

The IP and Supervisor are one and the same Moneypenny. I currently estimate that payment breaks are given in almost half of the IVAs under my supervision. This may seem high to a lot of posters, but I always justify the reasons to creditors and we generally always manage to return the amount originlly pledged to creditors. IPs do need a degree of flexibility in managing IVA cases, and I find that so long as I closely monitor the repayment of arrears, my clients and creditors appreciate this attitude.

[kallis3]

I don't think that's high Mel, in fact I'm surprised it's not more with the amount of people losing their jobs and also the ones who have major appliances or cars needing attention.

I think a payment break is a good idea in those circumstances and think it's quite inflexible of moneypenny's IP to refuse to allow them other than for redundancy.

[Shining]

Without the flexibility of my IP (Melanie) my IVA would certainly have failed in its first year.

[moneypenny]

HI EVERYONE, JUST TO UPDATE YOU,
i recieved some letters from my IP, but they were my in/ex from the court, which i already have, can my IP send me new in/ex forms , cos thats what iv'e been waiting for. I phoned them this afternoon, asking why they sent me duplicates of what i already have, she said that they don't send out new one's, ive just got to write them out on my own paper and send back, then they will look at them and compare with the original in/ex form. I told her that its easier for me to fill out a form with direction and helpful tips, but she insisted its not done that way, so now ive got to make my own list with no help, i feel cheated and lost, aren't they taking wages from my payments, because if they are, they are not earning it, i'm so fustrated. also i still have not recieved an updated in/ex sheet which was modified by the creditors, if they actually agreed to them, as i have no proof of this, and by the way what is an estimated dividend of 42p in the £,?


on a different note, have anyone heard of IVA WATCHDOG as ive recieved a letter from them.

[MelanieGiles]

How absolutely unhelpful! Why can't they have a standard form to send to clients to complete? We do, and it makes my life a lot easier using data produced in a recognised format - I would not like my clients using differing formats at all!

42p in the £ means that your IP is estimating that for every £1 you borrowed, creditors may eventually get repaid 42p or 42% of their debt.

IVA Watchdog are a firm who contact people in IVAs on an completely unsolicited basis, and attempt to persuade them that they have been mis-sold a debt solution and that bankruptcy - assisted by them for a fee - is a better option. If you are happy that the IVA is still the best solution for you, I would avoid them like the plague!

[moneypenny]

thanks mel the info was good, and no bankruptcy isn't an opption that we would take, beans on toast is much sweeter,we love our little house, i could not imagine having losing it. we never had any arrears on mortgage or credit cards, so never ever had a bad credit score, we always managed to pay everything, but it got to the stage where we were living from the cards.

this weekend i'm going to do my in/ex and send them reciepts and such like, but we are going to send our mthly payment minus my car tax, and offer that they take it back over the next two payments, otherwise we will struggle for food for another mth, as they will not allow any payment break, i feel the offer we are making is very fair, and feel very annoyed that they will not help us,we are too scared to miss a whole payment.

we are doing well but the strain is showing on my husband, and he has realy grumpy outbursts, with the wind bringing three fences down and he is going threw giving up cigs, its his 8th wk,i cant blame him, i'm so proud of him, but i can't even afford to treat him to the pics or anything, but we are trying so hard to stay positive. and no that with the help of this site we will bounce back.

we have plans to live on £60 for food for the first 3mth of the new yr, so we can get some money behind us, for the next car tax etc.

And we are thinking of selling our playstation 3, to get a present for our daughters and son, and granddaughter, it will also give us some nice food for the festive period, as i have pulled out of selling my grandmothers ring, its just too precious, i sincerely thankyou all that answer my posts, it gives me strenght to get through the bad times. i will keep you informed from any developments with my IP.

[Shining]

moneypenny, IVA watchdog tend to send out letters to people on the Insolvency register, ignore them as even if you were to go bankrupt I do know you can do this yourself fairly painlessly and with the free help of the posters on the forum.

I'm sorry to hear your IP is uncooperative and unhelpful they really do need to realise what you're going through, your hubby is doing well giving up cigarettes at what must a stressful time for him, sounds to me like you're a great support to him though.

I do hope they sort something out to you as when you have to resort to selling things to live at Christmas it isn't good and having to cut back drastically the housekeeping to tax the car can't be right surely. Please do stay in touch we are always here at some point during the day and night to help support you and glad we can at least give your the strength to do that xx

[Pennyless]

Moneypenny I hope your IP realises the lengths you are willing to go to to ensure your IVA continues and that they feel proud of themselves. You appear to be getting no assistance whatsoever from your IP and that is terrible.

I realise you have good intentions to live on £60 a month for food for the first 3 months, but that is far far below what the guidelines stipulate and this posistion should never arise, after all your doing your best to pay back creditors.

Melanie its good to see you allow some leeway with payment breaks et al for clients, after all I wonder how many IVA's would of failed to get to completion, had you not done so. Some other companies need to look at the bigger picture I feel and take into account that even best intentions by clients (actual people) can be affected now and again by a little thing called "sods law".

[Skippy]

Moneypenny, you cannot live on £60 a month for food. The way you are being treated by your IP is disgraceful - I wonder if they could manage on your allowances.

I know you said that you don't want to go BR, but is there any equity in your home? If not it could be an option. Also, if there is equity a friend or family member can buy your beneficial interest so that you don't lose your home.

[kallis3]

Even cutting back on stuff, we could not live on £60 a month and no one should be expected to do that.

I'm afraid beans on toast every night is not a good thing.

I agree that if you have little or no equity then BR could be a good thing.