Good luck with everything. You are on the road to more positive things and getting your life on track! You should not be judged at all, especially as you are not paying for the flights.

Enjoy, have a relaxing time and hopefully things will start to improve for you all round!

Welcome to the forum William.ay As Michael has said, fees vary greatly given the complexity of the case etc, but just to give you a very rough idea, many creditors are coming back with modifications which state total fees (nominee and supervisor) are not to be more than 40% of asset realisations. Fo...

Best bet would be to speak with your IP. They will have a good idea on what creditors would likley accept as they know minimum dividend requirements, reduction of fees for shorter IVAs etc. Put a call into them, and they should prepare an estimated outcome statement for you showing anticipated divid...

Just make sure you forward all paperwork received on to your IP so they are aware of what is happening, and then they can speak with the creditors concerned. Nothing for you to worry about! It helps when IPs get the specific paperwork, because then we can see which departments it is within the Compa...

Nice to read positive experiences from members on here!

Five years is certainly a long enough period to try and re-train that brain when it comes to spending.

Good luck for your remaining term of the Arrangement

Ronald, This sounds like a classic case of not updating records centrally, to me. Just because one department receives the Certificate of Completion does not always mean all systems are updated, and as such letters like the one you received are sent. Why this is the case I do not know, and it is mos...

Hi and welcome to the forum. I'm glad you have got the ball rolling and hopefully, once an IVA is in place it will ease a lot of your current stress. You will find once your IP has sent out your proposal to creditors, calls will start to lessen. This doesn't always happen straight away, and there ar...

I find creditors are normally quite sympathetic to a variation meeting, as long as your IVA is not currently in arrears, and you can show that you are having to reduce payments due to unforeseen and difficult circumstances. It certainly goes in your favour that you have been paying for two years, an...

Hi Viki and welcome to the forum. There are a number of experts on here that post and come recommended. I would suggest looking at www.iva.com and read some of the reviews on there. Always talk to two or three different IP's and see which one you feel most comfortable with. Good luck and hope you ge...

I would be cautious over this Company muddlementandchaos. I do not see how anyone can guarantee a monthly payment, if creditors reject your offer, what happens then? Have a ring around other licensed IP's to discuss your situation and choose someone you feel comfortable with.

Good luck

I agree with sprowstonboy, you should really shop around before agreeing to anything. May I ask what kind of offer you are considering making to creditors? Sometimes IPs take upfront payments if they are unsure whether the IVA will be accepted by creditors. Othertimes this is just standard practice....

Hi johm.mt and welcome to the forum.

If we are talking ordinary guitars used for social/collectors purposes then no. If we are talking about John Lennon's original guitar, then that's a different matter all together.

Good luck with everything in the future.

It is a requirement for licensed Insolvency Practitioners to discuss all your options with you before entering into an IVA. I would check through initial letters you receieved from them to see if they provided a summary of their advice, and an explanation of why an IVA is right for you. You may have...

Did you meet with your IP prior to entering into an IVA, or did you have communication with them at which time all your options were discussed? You should have had the pros and cons of all options available to you clearly explained including Debt Management Plans, IVAs and Bankruptcy. Whilst you hav...

Hi Dixie002, It would depend on the exact wording of your proposal. I have had some that send in their wage slips quarterly, and I advise them how much is due to the IVA. If overtime is regular, sometimes I ask it be paid monthly so as to avoid a large amount be due all at once. This helps budgeting...