www.iva.co.uk

HI, been in a DMP since last July, using vincent bond and all is going well. MBNA were fine with my offer but seem to have sold my debt onto Restons Solicitors (who i have read many bad things about). Anyway they started proceeding with a CCJ, when we asked why they said they wanted to get a charging order on my property. It was pointed out to them that the property was sold a few months back and i now no longer owned any property. They said they would not be able to stop the CCJ.
So i filled in all the paperwork and sent off my stuff from Vincent Bond, with my offer of £54, also sending a copy to the court. I received the judgement today saying that Restons were not happy with the amount i offered and my monthly installments had now been set at £700!!!!. Obviously there is no way i can pay that, i was just wondering if anyone had had a similar experience and managed to get it reduced? I am filling in the N245 form and sending it off.

Thanks

Jon

That's not good! I suggest you speak to your representative at VB to tell them what has happened.

Hi
I think that once you fill out the N245 and enclose your income and expense form, again, you will find that common sense will prevail and a payment level will be set by the judge at, or very close to, the level that you are paying in your DMP.
Please keep the forum updated on your progress
Regards

What a joke. As long as your income and expenditure is honest then the judge will see no point in setting payments at a level you cannot afford as there would be no chance of a successful outcome!!

Paul

Wish you the best of luck I am sure the judge will be more reasonable. Personally I hope the judge lowers your payment cause that would serve the creditors right for forcing you down this path unnecessarily.