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Posted: Wed Sep 17, 2014 11:06 am
by jamie1967
Hi I wonder if anyone can help me, i am unfortunate enough to be involved in a iva with the parasites that call themselves DFD, on commencement of the iva the creditor agreed to an offer of 56p in the pound, DFD have now said that i must pay back 100p in the pound, i have already paid back 65p in the pound are they allowed to do this, also i demanded a statement of what disbursements have been made, so far i have paid 47k has been paid in of this DFD have had 9k is this fair ? also i have noticed on this statement that 3 of the original creditors names have been changed to basically debt collection compaanies are they allowed to do this ? many thanks jamie
Posted: Wed Sep 17, 2014 11:18 am
by Dave Bowman
Hi
First of all with regard to the creditors changing - yes, that is allowed - most creditors will sell insolvent debt to specialist debt purchasers (such as Max Recovery). There's nothing abnormal about this.
With regard to fees - these are agreed by the creditors from the start, so they deem them to be acceptable.
With regard to the dividend - during the VA you are responsible for 100% of your debt and if you can repay it all (plus fees)during the term, then you are expected to do so.
Have you circumstances changed during the term of you VA? Have you come into any large windfalls?
Posted: Wed Sep 17, 2014 3:42 pm
by Evette Everest
Hi jamie1967
Please drop me an email (address is in my profile), with all your contact details and I will get in touch to discuss your issue further.
Look forward to speaking to you soon.
Regards