Posted: Fri Mar 16, 2007 2:29 pm
Hi all
I am trying to find out where I stand regarding my IP fees. I am fortunately in my final year of my IVA, which is due to complete successfully (everything crossed!!!) in September this year. Not even thinking anything of it until I visited this site, but I wondered what happened to my "upfront" payments that were made prior to my Meeting of Creditors.
Basically, I have paid my IP five additional months money, as the ball starting rolling in May 2002 and didn't complete until September. As I was totally naive and not really knowing much about the IVA system back then, I thought this arrangement was the "norm". However, having a bit more knowledge now thanks to forums like this I realise it was a riddiculous length of time. Basically my IVA is a very simple one without any property element and apart from one modifaction asking for additional contributions, was a straightforward process. Reading correspondence from my IP dating back to June 2002, there is a paragraph which states he will take all contributions until the meeting as his fees. Do I have a leg to stand on ? Is it worth me trying to shorten the term by five months or do I not stand a chance ?
Thank you !
I am trying to find out where I stand regarding my IP fees. I am fortunately in my final year of my IVA, which is due to complete successfully (everything crossed!!!) in September this year. Not even thinking anything of it until I visited this site, but I wondered what happened to my "upfront" payments that were made prior to my Meeting of Creditors.
Basically, I have paid my IP five additional months money, as the ball starting rolling in May 2002 and didn't complete until September. As I was totally naive and not really knowing much about the IVA system back then, I thought this arrangement was the "norm". However, having a bit more knowledge now thanks to forums like this I realise it was a riddiculous length of time. Basically my IVA is a very simple one without any property element and apart from one modifaction asking for additional contributions, was a straightforward process. Reading correspondence from my IP dating back to June 2002, there is a paragraph which states he will take all contributions until the meeting as his fees. Do I have a leg to stand on ? Is it worth me trying to shorten the term by five months or do I not stand a chance ?
Thank you !