i had no idea it had been agreed between the creditors and the IP, bet their sore

Melanie, I have no problem whatsoever with the creditors receiving the monies if full - less any claims agency receiving there 25% - 33% commission if that's what I have agreed to. My issue is related to the IP taking 15%.

any you should avoid?

I'm surprised the IP's haven't been able to answer my question based on the advice they received, maybe we should start one of those government 'e-petitions'

how can you offer a full and final payment and receive an email which includes bankruptcy as an option - sound like scaremongering to me

beats me why the government doesn't make the unlawful

Hi Andy, thanks for the explanation and reinstating fruitcake, makes my life a little easier

that would be great, how do we contact Andy?

yes I'm her husband and now it looks as if shes barred without any given reason or are we too close to the truth

Has any one actually written to the FSA or Financial Ombudsman on this subject? It would seem sensible for the IP's to have done so. This would put an end to all the speculation?

Hi Foggy,

fruitcake has informed me she cant log onto this forum any longer. Is it a technical reason is she blocked?

Thanks

I have recently requested my IP for a statement regarding what payments have been made to my creditors.They have refused to do this. Are they entitled to withhold such information.

Thanks everyone for your inputs on this and other related topics. It is very clear that there is no hard and fast regulation on the matter. The phrase 'IP's discretion' seems to crop up an awful number of times. Whats needed is a test case, but as someone commented on another post, who in an IVA can...

Melanie,

to answer your second point, in hide sight I wish i had had the courage to deal directly with the creditors myself. But now I see the mess the financial services are in and the number of fines being placed against them it doesn't make my errors/misfortunes in life seem so bad.

Melanie,

thanks fro your reply. The comment was directed at the financial services in general. When they start fighting over money you simply would like to be passed onto the creditors I see it as a bad thing.