As above, I think that you really do need an in-depth chat with an IP. (or possibly several - I know that different firms gave me different advice) There may be a more suitable path for your circumstances. Don't forget that an IVA is binding for all parties, so if say your career progresses during t...

Congratulations #128515;

After 42% to the claims company and then the IP takes a cut, roughly what percentage will actually go to the creditors?

Fingers crossed for you that the money went into the pot rather than being a referral fee.

I am not saying that it is right, but I would have thought that if you give them permission now the PPI claim will be wrapped up one way or another before December. From this point of view, better now than in October!

I'd agree that it does drag but pre-IVA I was only treading water by making minimum payments etc whereas now the debt is being chipped away. I remember sleepless nights from way before I started my IVA, payday coming up and realising that by the time I had made all payments and bought petrol that I ...

In another thread, I believe that the OP had said to their IP that any payments made in the meantime would be deducted from the F&F. Is this possible?

After reading BOL's post, I am not sure that this will matter but have you had your completion certificate?

On that logic, would a common benefit be more likely if the debt relating to the PPI has already been sold on?

E.g. If I originally owed HSBC 10k and they sold the debt on, all creditors could benefit from a PPI claim.

I understand that an IP must do their best for the creditors, but postponing closure to (attempt to) claim back money from (presumably) the same group of creditors seems counterproductive and unfair. From reading other posts, I also understand that if successful, the PPI claim may just be knocked of...

If the money is yours, you are liable for the full original debt plus fees. If however you are being gifted the money by a third party, you could offer a sum to make the total amount paid into the IVA close to the agreed dividend. You have to make it clear that the money is being offered only for a ...

Good luck with gettIng this resolved swiftly.

I would be raging by this point!

Have your defaults gone? I guess that you will still be on the register.

+1 what Rod Newman has said. Research and then gut feeling after speaking to them. I nearly went with a company but was put off by the upfront fees. Do they seem to be interested in you or just in making money out of you? This turned out to be good for me as I am more than happy with my IP. The firs...

Congratulations. Hoping to be making a similar post myself later this year!

Thanks for the replies, everyone.

It seems a lot more people have posted about this subject since I started this thread, keep up the good work as it means more info for others to read.[:)]