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Charles.pp
- Posts: 3
- Joined: Mon Sep 26, 2011 9:28 am
i am in an iva where i have sold a business with enough equity to pay off creditors 100% all creditors have been issued with a time limit to claim which pasted over a month ago. Two creditors have not replied which will leave a surplus of funds. Do they have a legal right to still claim after the time limit
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Shining
- Posts: 27019
- Joined: Thu Sep 20, 2007 8:57 am
- Location:
Hi Charles and welcome to the forum. I'll bump this back up for one of the professionals to answer. I would think there is a time limit but what it is I wouldn't have an idea. x
Well done on being able to repay creditors 100% x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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Adam Davies
- Posts: 14596
- Joined: Thu Mar 29, 2007 12:21 pm
- Location:
Hi
No, if they were included in the original proposal and your IP has concluded your IVA they can no longer claim
Regards
Andam Davies
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luluj
Forum Expert
- Posts: 11333
- Joined: Sun Dec 09, 2007 6:54 am
- Location: United Kingdom
If you are this position and claims have not been made, all creditors that have claimed have received 100% back and all IP fees are paid in full the surplus money should I believe be returned to you (unless statutory interest is charged). I would speak with your IP to confirm specifically to your circumstances to be on the safe side.
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