What is the general closure procedure of an IVA? What happens after I make the last payment, I will be having am income and expenditure review only two months before may last payment is made, will I need to send in more payslip/ bank statements for the closure.
Ps IVA was extended by 12 months as we could release equity from our house
You may need to send more statements in but it depends on your company.
Well done on reaching the end.
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
I just want to make sure we have everything in place so it can be closed ASAP, I now know that all PPI has been sort so that shouldn't slowing things down.
so if they think there is extra money for the pot after I have made the last payment how would they expect it to be paid? we have already had a 12 month extension as we couldn't release money from our house as planned?
If you earned income over and above your allowable expenditure (say from overtime) you should be disclosing and paying it over the agreed % as it is received or keeping it to one side ready to pay on review.
