HELP with my iva

debs16

Hello everyone,

i have been in an iva with a company called accuma for 3 years in feb 2009 , i have to date paid in £7000 and have 3 more years to go .
i have debts to the value of 45000 that is joint me and hubbie .
i cant not keep up with the payments anymore as work have cut down my hours we were paying £300 a month ,i dont want to do the iva people just said go bankrupt but i really dont want to do this .
i have asked them for a list of all my creditirs account numbers and balance of what i owe them so i have written to all the small ones asking them if they will accept a small and final settlement ( i have yet to hear back from them) .

when i got the list of payments that i have paid into the iva company they total exactly 6376r sheet they sent me was there fees

nominees fee - 3000
nominees expenses - 250.00
supervisors fees-1267.78
varaition fee- 750.00
non recoverable vat -921.87

total- 6381.85
this is a bloodly joke for the last 3 years i have just paid there fees is this right ,my creditors havent got a penny i am so so annoyed because i want to pay me debts.

*** sorry my question is if anyones knows can they really charge those amounts !
***** if all my small creditors that i have wrote to agree with my final payment can they be excluded from the iva
*** and if i sort out my problems myself with my creditors personnally can i get my money back from the iva


**8 thanks in advance for any advice i am so so worried

RAS

These fees are pretty standard.

Surely this was explained to you when you signed up for the IVA?

It is precisely why we on DFW rarely suggest anyone does an IVA.

Unfortunately the only way out of one is bankruptcy. because of this it is not appropriate for you to make preferential payments to your smaller creditors. The OR can reverse them and you could get your kniuckles rapped.

Your first port of call should be to contact one of the Debt Charities; see links below. Their services are free; they have no vested interest to serve; their advisors are professionally trained and the advice they give will be objective and in your best interests only.

CCCS 0800 138 1111 National Debtline 0808 808 4000 Business Debt Line 0800 197 6026 CAB – Contact your local office and ask to speak to a Specialist Financial Advisor. Insolvency Service- 0845 602 9848

A list of good contacts to whom you can complain formally. I would start by seeing id the Financial Ombudsman would accept a complaint. But it may not be possible to do anything other than go BK now, or keep paying up.


Office of Fair Trading, Contact page: http://www.oft.gov.uk/contactus

The Information Commissioners Office, Complaints page: http://www.ico.gov.uk/complaints.aspx
(note: I chose to complete and download the .pdf form on Data Protection, which I am also sending to the other offices, with an accompanying letter)

Trading Standards, Central office homepage: http://www.tradingstandards.gov.uk/
-Please note, you can search by inserting the postcode in the top right hand corner, remember to use the postcode of the DCA rather than your own-

Consumer Credit Association, enquiries page: http://www.ccauk.org/consenquiries.htm

the Financial Ombudsman Service, Contacts page: http://www.financial-ombudsman.org/contact/index.html

Members of parliament list, (as provided by RAS): http://www.parliament.uk/directories/hciolists/clomps.cfm

debs16

Th anks for your quick reply and advice ,i have spoke to the bloke i normally speak to at accuma and he said i can try and ask the creditors to accept my lower full and final settlement ,and they said they wont make me bankrupt because i have no equity in the property and no money at all,is this right !

If i do decide to go bankrupt will i be able to get a mortage in a couple of years time !!!
will my employer know !!!
will i ever been able to get credit again !!!



manys thanks in advance

debs 16 :rolleyes: