Annoyed at OH's IVA company

empty_wallet_2

Were off for my OH's meeting with her IVA company tomorrow, on their website they give all this rubbish about the 7 easy steps to IVA and 1 of them is you will receive a copy of your proposal before your meeting with the IP so you can sit and go through it and prepare your questions etc before the meeting. Well OH had a call today at work to a change the time of the meeting and also discuss the figures that will be included on the proposal, so its only just being written so no chance of looking at the figures before the meeting now.

Next thing that is really peeing me off :mad: is they said today that they would be looking for a payment of £270 a month, yet they increased her allowances and only leaves her a surplus of £140 but wait for it, i'm supposed to make up the difference as they want to take my wages into account and they reckon we have £300+ surplus between us a month, not sure how they do that as i've got about £40 surplus (if my tax code gets corrected, otherwise £50 short a month)after taking off all the allowances the OR has let me have, which is more than what the IVA company areallowing.

I dont understand how when the IVA is a personal one for my OH how they can take my wages into account, their excuse was that the creditors wouldnt allow it not to be :mad: as i may have benefitted from the debts my OH has incurred, even though alot of her debts were built up before we moved in together 18 months ago, somehow i dont think so, if i had i wouldn't have gone BR.

OH says she can afford the full amount herself now but only by using money from the allowances they are telling her to claim which are either more than we said we spent or allowances she doesn't need.

This also means that they will want details of my wages for the next 5 years and will base OH's increases on her IVA payments from both of our incomes which i am not happy about as going BR and her IVA were supposed to be a chance to start a clean slate and not to take on a 5 year payment plan that see's us with no surplus. I am also on like a 6 month probation period with my current employer so would expect a good payrise (hopefully after discharge) and will be eligible to join the company pension scheme, i bet they would want a chunk of that :mad: .

I cant imagine the OR letting me claim a payment to OH's IVA company on my SOA can you

JCS1

empty_wallet wrote: »

I cant imagine the OR letting me claim a payment to OH's IVA company on my SOA can you

The arguement from the OR is likely to be why should your OH''s creditors gain preference over your own creditors, and it would be highly likely it would be disallowed as an essential outgoing.

peachyprice

I don't see how they can take your earnings into account, if you had that much surplus your OR would have first dibs on it to pay your creditors, not your OH's.

empty_wallet_2

JCS1 wrote: »

The arguement from the OR is likely to be why should your OH''s creditors gain preference over your own creditors, and it would be highly likely it would be disallowed as an essential outgoing.

My sentiments exactly so how can her IVA company say i should pay towards her debts, its not like the OR is asking for part of her pay towards an IPA is it, i thought IVA's were there for you to pay off what you can afford but still have a life but they seem to be increasingly pushing people to go BR, do the creditors not want any money at all . OH would go BR but she is scared as to how she would explain why she is in debt to the OR, she said i had a valid reason but she has just spent more than she had, i told her not to worry, its not like she has made any big purchases, its all day to day living expenses and paying off previous credit etc etc but she wont listen.

peachyprice

Is there anyway you can phone your OR before the meeting tomorrow, just to get some official clarification?

empty_wallet_2

peachyprice wrote: »

I don't see how they can take your earnings into account, if you had that much surplus your OR would have first dibs on it to pay your creditors, not your OH's.

Tell me about it, she's already told them i have gone BR and that any surplus of mine is subject to an IPA from the OR should i have over £99. I'm not sure how i will keep my cool tomorrow.

The amount of money the IVA company want her to pay is 60% of the debt and on a review website i read it had a load of reveiws from this companies customers and many had only had to pay back 25-45%, i dont understand why one person gets so much written off yet the next has to live on the breadline again and pay back 60%, She's going to have less of a life during iva than before.

empty_wallet_2

peachyprice wrote: »

Is there anyway you can phone your OR before the meeting tomorrow, just to get some official clarification?

not sure as its a 100 mile trip to the damn IVA company so will be on the road from around 9.30 and i dont think the OR office opens till 10.

peachyprice

Interestingly, I was browsing various bankruptcy forums today and I came across a thread on which Melanie Giles was saying she was having no problem negotiating 15p in the £ for some of her clients.

I'll have a scout around, see if I can find it, I'm on another PC now so it might take a while.

JCS1

empty_wallet wrote: »

not sure as its a 100 mile trip to the damn IVA company so will be on the road from around 9.30 and i dont think the OR office opens till 10.

OR office will have people answering the phones from 9am. It is flexi time, so your examiner may not be in the office until 10am - depends if they are early morning people, but there should be someone there who can assist.

peachyprice

Found it:

http://www.bankruptcyhelp.org.uk/forum/topic.asp?TOPIC_ID=599

"I am putting forward IVAs for as little as 15p in the £ now if they are appropriate, and in the client's and creditors best interests. I also have a lot of lower paying clients in my portfolio who are happily sustaining their arrangements - because it is important for them to see their debts being repaid."

empty_wallet_2

peachyprice wrote: »

Interestingly, I was browsing various bankruptcy forums today and I came across a thread on which Melanie Giles was saying she was having no problem negotiating 15p in the £ for some of her clients.

I'll have a scout around, see if I can find it, I'm on another PC now so it might take a while.

It almost seems to me that due to it being a no payment (to iva company) unless accepted IVA that they go in with a high offer to the creditors to get it accepted straight away . I dont get why now at the eleventh hour they are upping the allowances she can have when this was all agreed like 6 weeks ago.