www.iva.co.uk

Just recieved our chairmans report this morning. We were told on Wednesday our proposal had been accepted with small moderations though I cant see what these are, will have to speak to I.P. on monday. thought i would share the results:

RBS credit me ACCEPTED
RBS credit card hubby ACCEPTED
Halifax c/c ACCEPTED
Littlewoods home shopping ACCEPTED

RBS overdraft
Tesco loan-through RBS
Didnt vote, though I cant understand why as RBS voted on the credit cards.
Heres to the rest of our debt free lives.
Thank you for all your messages of support and help throughout this process.

Thanks for posting the report. Interesting to see if the mods were for supervisors to reduce their fees,as I am trying to work out whether most companies overcharge their fees to start with expecting them to be asked to reduce them to make a proposal more appealing without the person entering the iva to fork out more a month???

have just reread report and the modifications were for the ip,s fees. interesting.

Most IPs do not actually overcharge fees, but a lot of the creditors are asking us at the moment to reduce our fees quite dramatically - perhaps to a level which makes it not cost effective for us to continue in practice, or do the job we are appointed to do properly. Times are very difficult in this marketplace at the moment, with a lot of very diligent and able IPs deciding that IVAs are no longer worth their while, which I personally find very sad.

Don't give up Melanie not until ours is approved and finished anyway. purely selfish view! [:D][:D]

X [:I]

Hi C.J
What was the modification regarding your IP fees ??