Review from Lucy (1194 views)
|Review of: Kingsgate Insolvency Ltd|
|Review date: 09 July 2012|
|Insolvency Practitioner who handled case: Gregory John Mullarkey|
|I proceeded as far along as: Accepted IVA|
|The solution I opted for in the end: IVA|
|Speed of response|
|No of days to make a decision after I spoke to IVA company: 4 days|
|Weeks to IVA proposal after decision made: 4 weeks|
|Weeks to IVA accepted/rejected after decision made: 4 weeks|
|IVA Company Ratings|
|Their debt solutions expertise:||8 out of 10|
|Their customer service:||9 out of 10|
|Their speed of response:||9 out of 10|
|Overall Company Rating:||8 out of 10|
|Insolvency Practitioner Ratings|
|The quality of IVA proposal:||8 out of 10|
|Overall Insolvency Practitioner Rating:||8 out of 10|
|I am an accountant living in Leicester. I had Â£27k of debt.|
|My interaction with the company:|
|I rang them and discussed my situation. They encouraged bankrupty but due to my professional circumstances, this was not an option - it would have affected my ability to practice as a an accountant. Someone came to visit me at home and discussed evrything with me and explained various forms to me. I then completed and posted these. They created a report of what i owed, what i earnt, and my monthly expenditure. After some small changes, the IVA was accepted at the creditor meeting. They calculated my monthly amount available to pay over. they tried to be as fair as possible, but understandably i needed to reduce the amount i spent on clothes and on food and going out - as you would expect. The IVA is there to help manage your finances not let you continute as previously (and get into more trouble). The payments did increase throughout the IVA period but this was due to my salary increasing - expenditure increasing was also taken into account.|
|Why I gave the ratings I did:|
|I found them very helpful whenever i asked questions and i thoroughly understood what was happening.|
|One thing they did - which really impressed me:|
|One thing they did - which I felt could be improved:|
|I submitted quarterly payments whenever i earned overtime with copies of my payslips. They seemed to lose some of this information and asked me to pay in more money. however, i was intelligent enough to see their mistake and after explaining it to them, they accepted my response.|
|I have just made my last payment to the IVA and am waiting for it to complete. I believe I have paid off around 80% of my creditors. I will now be completely debt free and have learnt to manage my money well so that saving for a deposit for a house will be easy!|
Community Comments of this review
|4 out of 5||3 out of 5||18 May 2013|
|Comment: Sounds like it could of been written by a member of their staff|
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- Kingsgate Insolvency Ltd
They got the IVA agreed.
Review from Neo, 04-Feb-2011
I felt they were dishonest and overly concerned with extracting money with a less than professional ...
Review from KINGSGATERUINEDMYLIFE, 15-Apr-2011
Review from andrew, 05-Aug-2009
Nothing at all !
Review from Stilton2004 , 17-Feb-2011
Only one person stood out from the rest and apart from that the rest were vindictive and non support...
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