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Posted: Tue May 17, 2016 12:18 pm
by Neildr4
We very recently paid our 60th and final payment scheduled in our IVA but now have to repay a further sum of money -partially due to payment holidays which I do not dispute, but also due to a number of issues with our Insolvency Practitioners.

I wholeheartedly dispute these facts and have taken the matter as far as I can with them, other than giving us £200 by way of an apology they are not prepared to negotiate further and insist that the money is paid.

I am looking for advice here - is it worth taking this matter up with an independent body, and if so, who?

As much as I do not like the idea of giving them money that I don't believe I should, I am scared that by pursuing action against them they would be in a position to withhold the completion of our IVA. We have suffered for 5 years, and have agreed a further 7 months to repay the money. Part of me thinks just paying up and starting 2017 I debt free is just easier.

Has anyone challenged similarly? What are the risks? How difficult would it be?

Any advice much appreciated

Posted: Tue May 17, 2016 1:39 pm
by stringyAcid
Can you give the forum more detail of how the sums have been calculated and what part if that sum you consider as a mistake.
Withholding payment of funds due to the arrangement can lead it too failure. I

Posted: Tue May 17, 2016 2:33 pm
by Shining
Hi and welcome.

Have you asked for a breakdown on paper of how these arrears have accumulated? If so, are these the figures you disagree with?

To my mind, if they've given you £200 by way of an apology they are admitting blame for something?