Hi guys

I was just wondering if anyone here who has signed up to an IVA could tell me if the the IP or anyone else asks about fraud or dishonesty convictions when signing up

Would a criminal conviction for fraud (dishonesty) cause problems with the IVA process?

Thanks in advance

Sorry to hear about your problem Keith. First of all:

1. Are you currently in an IVA?
2. Have you been given an explanation as to why your application was refused?

That's a new one to me, thanks kallis!

Hi

Thanks for the replies

The register only seems to give a telephone number, no email address. If you call this number you are told to call an O8xx number and end up a queue [:(!]

A bit of a different angle to the usual Q&A on here, specifically for the IPs.... What quality of service should a creditor expect from an IP/firm? As a creditor I feel I am receiving a very poor QoS, phone calls/emails hardly ever replied to, vague answers given to straightforward questions, other ...

That's great thanks for such a speedy response even so late at night!

So once the CoT has been issued does the IP apply to have the record completely wiped off the register or is it admended to state that the IVA failed?

If issued, are either of these logged on the insolvency register?

After the 30 days on the NoB has passed, how long does it take for the CoT to be issued?

Thanks in advance.

"On the plus side, it means that your IVA will finish in 6 years and you won't be saddled with extra payments in your mortgage."

Sorry I didn't understand that bit

I don't know much about this so if someone could explain to me please, does this mean that at the end of year 4 if you can't remortgage your IVA lasts for another year (so 6 years instead of 5?)

Broke of London wrote:

But the IP doesn't agree anything! The IP is the intermediary and can try to influence but only the creditors and the debtor make decisions.

Is that really true? Surely that would mean that anyone could claim to be a creditor and jump on the back of an IVA? Who decides if a party is a creditor?

On a similar note, what does it mean if the registry says "NO COURT" under the court name? Most IVAs seem to have a court name

MelanieGiles wrote:

The relevant date is the date of the creditors meeting - so even if the debt was incurred one hour before that time it should be included into the IVA.

Thanks for the clarification. Is this the same as the "Arrangement date" on the register?

Hmmm interesting. What would happen in a situation where a person/company became a creditor after the time that the SoA was drafted but before the IVA was granted?

kallis3 wrote:

All unsecured creditors should be included in an IVA. Are you saying that some have been excluded?

No this is simply a point of discussion now and has veered off the original topic!