Early Settlement - Insolvency Register

[jc_test]

Hi,

Once a final settlement has been paid is your name removed from the Insolvency register or does this stay for 6 years?

Thanks

[Julie]

hi- once you have completed you will be removed from the register. Your credit rating will be shot for the 6 years tho.

[jc_test]

That's what i thought but the company who arranged my IVA have just told me it will stay on there for the full 6 years. Do you know where i could find proof of this?

Thanks

[Julie]

Someone else will verify but I think your company is wrong. Who are you with?

[jc_test]

Debt Free Direct

[Lisa2009]

Julie is right. Your credit file will be shot for 6 years but your name will be removed from the insolvency register when your IVA ends, whether it be full term or early.

[Julie]

Declan posts on here so hopefully he will pick this up.

Also some posters who have completed their IVA's/ BR will be able to tell us how long they stayed on the register after completion.

Have you completed your IVA?

[jc_test]

Thanks

[Julie]

I've just checked on someone who has completed their IVA and not on register.

I'm sure I'm right but I'd like someone else to confirm.

[Lisa2009]

You are right Julie, i did answer above xx

[Julie]

Sorry Lisa, I missed your post [:I]

Thanks for confirming, i was starting to doubt myself [:D]

jc_test, I can only think it was a junior member of staff that gave you incorrect info. Not acceptable I know, so hopefully Declan will still pick up on this.

[Lisa2009]

[:D] Jon's iva completed 2 years early and his name was quickly removed from the register x

[MRBLUESKY]

hi all just to confirm,my iva completed june and i was removed fron register aprox 6 weeks later after full and final settlement.

[Adam Davies]

Hi
Yes, records of your IVA are removed from the insolvency register once completed.
Regards

[MelanieGiles]

I would be very keen to know who the company were who arranged your IVA. Was this a packaging company or an actual IP firm, as the advice they have given you is completely incorrect.