Hi all, merry christmas.
Out of interest, if a f&f is put forward after an iva has started, if accepted, does that end the iva completely? Or are there still restrictions in place until the 5-6 years are over? ie. Windfall, overtime rules?
Not in a position to do this, just interested.
Useful to know these things incase the opportunity was ever possible.
Thanks
Hypnomonkey - it ends the IVA completely and you get your completion certificate. The only thing that stays in place is the effect on your credit rating for the full 6 years from the time your IVA was approved.
Agree with kazzafunk. The IVA is finished and you will come off the Insolvency Register.
Any windfalls etc after you have received your completion certificate are yours.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
My full and final was accepted at a creditors meeting on Thursday my I/p said no more reviews or anything all I have to do is do what I agreed.
Can't be any simpler.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by kazzafunk
Hypnomonkey - it ends the IVA completely and you get your completion certificate. The only thing that stays in place is the effect on your credit rating for the full 6 years from the time your IVA was approved.
Can you 'build' your credit rating up in that time assuming you did a F&F which was agreed say in first 18 months of IVA
Your IVA will remain on your record for the full six years even if it is a full and final.
Just keep things like bank accounts, mobile phone contracts up to date and your rating will build slowly.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
