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DFD failed iva but 7k taken in fee's???
Comments
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Another general point to make is that if you are on the verge of not affording your contribtions in an IVA, contact your IP who may be able to propose a reduced payment variation for you - and give you the chance to carry on with your IVA - it is a shame to allow your IVA just to fail if you have already paid into it for 2-3 years.
Nick
Your IVA payment needs to be a minimum of £200, if I'm not mistaken per month.
Okay my creditors meeting was on July 21st (failed), and I haven't heard a dicky bird, nor do I care. After 2 years of hell, my creditors can whistle...
Hardened by time, foulplay
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Why did your meeting fail?
£200 is a guideline but some IPs do do IVAs with £150 contribution a month, if that is all the client can afford.
Nick0 -
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