HI All well i was hoping to be able to tell you that after a 12 months wait for my iva to be closed it was ,but guess what i am still waiting for the final paper work.I have now been it contact with a dedicated team at GT who i have been told will give me explanations!!!It would appear that they over paid a final payment to a creditor and they are trying to recover this money,shouldnt be my problem but it is.I wait a reply from this dedicated team lol
Hi! Sorry to hear you're still having problems. It is so frustrating to be held up by an administrative error, but your IP cannot close the iva until all the creditors have received the correct dividend. If it is down to you overpaying, you could write orchid money to expedite completion. If it's how the money has been distributed then there's not much you can do. I hope it isn't too long now x
Your not alone! I am still waiting for my completion docs after 18 months since my full and final. GT blame it on Debt Matters who my arrangement was originally with, really doing my head in as apparently their completions team do not take phone calls and when I speak to customer services for an update the say they will call me back and never do.
Where do I stand from an inherritance point of view, my full and final was agreed in December 2010, about to inherit £1,000 from a relative who died in Jan 2012, arrangement should have been done and dusted but due to incomepetance I am left to wait!
With regard to your inheritance it is a requirement you declare it to your supervisor, my understanding is as the windfall is more than £500 it would all be paid into the iva, unless of course you recieve your completion certificate.
A windfall is a windfall until the IVA has been concluded I am afraid - so until your case is closed you are still at risk in this area if your Supervisor chooses to claim the windfall - which they don't have to strictly speaking if the proposal follows the wording of the IVA protocol.
