Artemischild - I was speaking for myself. I'll never need, or indeed get, another mortgage.
I know that others want it over and done with as quickly as possible and I hope that their completion comes as soon as possible.
I was merely saying that once my final payment is mine then I'll be happy.
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
Me to, i need to move on a s quick as possible from the hell ive had to manage for the last 5 years!! I cant afford to hang around and wait 6 months for a certificate when other companies are doing it in weeks or a few months! i think its wrong its just become acceptable IP can say it'll be 6 months before completion and whats worse everyone is hiding behind the 'ppi and vat backlog'!!! heres an idea large companies who are making good money.....employ more staff!!
IVA completion and certificate received 08/10/2012!!!
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by artemischild
...i think its wrong its just become acceptable IP can say it'll be 6 months before completion and whats worse everyone is hiding behind the 'ppi and vat backlog'!!! heres an idea large companies who are making good money.....employ more staff!!
And with GT 6 months is an absolute minimum, I haven't actually seen a post from anyone with GT who has received their certificate in less than that. Most of the posts on here are from people who have been waiting for much longer than 6 months.
The VAT issue is a red herring as far as GT's track record with completions is concerned. Too many people are either being fobbed off with this excuse, or accepting it, for an unacceptable level of performance.
They are great at setting up and administering IVA's over their given term, they are atrocious at closing them down within a reasonable time frame.
Last edited by Alderson on Fri Apr 06, 2012 8:15 pm, edited 1 time in total.
I have to agree with Alderson on that one. I got my certificate from GT six months to the day after my final payment was made. I was told in mid January that all work had been done, then there was a delay because of the Paymex VAT issue which was resolved in mid Feb, but then I had to wait another 7 weeks "for the final distribution to creditors to be made and checked". Of course in my case there was no final distribution and after GT managed to get a variation passed in November 2011 allowing them to retrospectively increase the IP fees and clean out the bank account, there never was going to be a final distribution. It seems to me like GT did not want to issue the certificate any sooner than 6 months after my final payment - I have no idea why.
Last edited by vince666 on Fri Apr 06, 2012 8:38 pm, edited 1 time in total.
I think GT (and their clients) are suffering because they didn't have a chance to catch up with themselves after they bought the BE book before the VAT issue struck. So clients who completed months and months ago and should have had their cases closed before the vat issue arose are caught up in this debacle too. All this trouble and everyone's a loser.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by vince666
It seems to me like GT did not want to issue the certificate any sooner than 6 months after my final payment - I have no idea why.
Perhaps it has something to do with the windfall clause being held over your head wilst the IVA is left open while they sort this VAT and PPI stuff out.
They should at least close the windfall clause after the final payment is made in my opinion, may be that could be written into new proposals to avoid anything like this happening again in future.
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.
I agree with you about new proposals needing to protect debtors against extended administration periods! I'm not sure that there is any malice or underhandedness in what's happening with GT now; I think its more under-staffing combining with circumstances beyond their control to whip up a 'perfect storm'. I would think GT are at their wits end with all this too!
seams as tho it can be hard to get a comletion certificate which is not good in my opinion. if i really need something out of a company i call them on the hour every hour of the working day this does cause much excitement at the other end of the phone but it does get results. it worked for me when i had a prob wit dpd cathy pacific sony and virgin media
"Since it cost a lot to win
and even more to lose
You and me bound to spend some time
wondring what to choose
Wait until your deal come round
Don't you let that deal go down"
Robert Hunter, Jerry Garcia 1971
If the reason for GT taking so long to close cases is under-staffing then this is an absolute disgrace. A company of GT's size should be able to bring in temporary staff to clear a backlog.
They, like all IPs, should be following the guidance notes laid down in Statement of Insolvency Practice 3 ("SIP 3"). Paragraph 9.1 of SIP3 states "Where the arrangement has been fully implemented the supervisor should conclude his administration as expeditiously as possible"
In my opinion a minimum closure period of 6 months does not class as expeditious.
It does worry me reading all these negative posts about GT. As I have said before up until my last payment (well I thought and they told me it was in Oct 11) I wouldn't have a bad word said against them. Then in Jan I received my Annual Report saw I was in arrears of over £600 which really upset me. Reason given was someone in GT had forgot to make a small increase in my payment schedule at some point during the IVA I payed it off but that is a 3 month delay through no fault of my own straight away.
I agree it is nice to have the extra cash per month and accept that some people would look at that as a godsend and would happily wait until any backlogs have cleared for a CC, but personally for me (I am single and on my own, I rely soley on me!) I have plans. I know that my IVA wouldn't drop off my credit files until November anyway but having that CC in advance does still make a difference. I saw someone on here made their last payment in March and have already got their CC (I'm well jel as they would say in Essex).
There is nothing I can do, there is nothing this forum can do (I do know that) but there is something IPs can do to address backlogs.
Last edited by ladybird321 on Sat Apr 07, 2012 9:54 am, edited 1 time in total.
IVA finished Oct 2011, CC received 27 April 2012, No longer on Insolvency Register 01 May 2012. Jan 2013 - all Credit Files squeaky clean
Case closures should be processed as soon as possible. Once a final payment has been made, then the IP has two months in which to file their next annual report - and at the end of five years all issues in the case, such as the agreement of creditor claims should have been long resolved.
I do not understand why IPs are filing an annual report at this point - thus creating more work for themselves - whereas in my experience it takes about 15 minutes longer to effect the closure. I like to close cases as soon as possible, as without closure they tie staff up in unecessary resource, and of course you then have to deal with the client complaints which come in when they are not closed.
I have a small backlog of case closures myself, resulting from the VAT issue - so no Easter holidays for me!!
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by kallis3
Hi Julie,
Once you have completed your IVA, your IP will send a copy of your completion letter to the Insolvency Service and you should come off shortly afterwards.
Do you get removed from the insolvency register after you have paid off the IVA or at the end of six years?
The reason I'm asking is because I am in the process of an F&F and would like to know whether it comes off the register at completion, or after the full six year term.
