| T O P I C R E V I E W |
| Loz |
Posted - 22 March 2013 : 09:17:44
IVA about to fail - have made my 60 repayments and currently fighting a sale & possession order due to ex partner being made bankrupt-court date 23/4/13. Got a varitation to extend my F&F payment for 18 months which is now due. I have asked my IP whose his BTrusteee too, for another variation However I can't afford the fee for another variation (£750). If I don't pay today my IVA fails and Bankruptcy looms - any thoughts?? |
| 6 L A T E S T R E P L I E S (Newest First) |
| Niobe |
Posted - 22 March 2013 : 11:54:46
You can but ask - I've not known anyone who has had to pay it upfront. It does seem silly to have to go bankrupt for that amount of money after all this time.
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| Loz |
Posted - 22 March 2013 : 11:31:22
Hi I feel a bit uncomfortable naming her on the site as don't want to jeopardise anything. Can I request her to add it on to the F&F even though if the variation is granted I won't be paying the full amount but monthly payments - I really don't want to go bankrupt for the sake of £400! (I have £350 available) |
| Niobe |
Posted - 22 March 2013 : 11:11:16
I'm really surprised - I was always under the impression that the fee was just added to the amount you owe.
Who is your IP? |
| Loz |
Posted - 22 March 2013 : 10:54:43
Thanks it is the IP who is charging this. She wants money cleared b4 hand. This is for a variation to make monthly repayments in lieu of equity and is my second variation - last one cost £250 upfront |
| Viki.W |
Posted - 22 March 2013 : 09:33:19
I agree with Niobe, this fee shouldn't have to be paid upfront by you. Have you spoken to the IP about this?
Viki Warbrooke
Vincent Bond & Co
If you would like free advice on all options available and help with your bankruptcy petition please contact me at http://www.vincentbond.com/about_us_Viki_Warbrooke.asp |
| Niobe |
Posted - 22 March 2013 : 09:30:57
I was under the impression that a variation fee was just added to the amount that you owed? I am currently awaiting a possible full and final and have not been asked for any money upfront.
Why have they said you have to pay upfront? |
