Hi Melanie...I paid 100p/£, so I paid my IVA debt off in full....I completed it early, 4yrs 8mths, rcvd my cert of completion in jan 2012......my legal and financial obligation to the iva was settled in full....this is why I was confused with the bank trying to with hold some of the money. I entered...

I meant to mention I spoke with my IP who contacted the bank also, can only assume whateverthey said worked in terms of bank settling full £20k....and it paid to settle my IVA debt off in full....otherwise I would have accepted the set-off rules.... Big smiles...

Just to update all who followed and commented on this thread....the bank has paid the full amount. Thank you to everyone for your feedback.

Thank you everyone for your comments and feedback.....i will be persuing this further. I am somewhat peed off that I am the one being treated as the guilty party by beding expected to pay in full a debt that retropectively was incorrect.... if I have to pay the full debt off there is no justice, it ...

I paid off 100 % of the iva debt......the bank agreed the debt to be paid at the iva, I will check the legal aspects in my iva contract.....i should have been made aware what the full debt was and that if at a later date there was claim against the creditor they had the right to claw back the differ...

The banks response is......when yr iva was agreed the bank was confirmed the bank as a creditor, would be repaid a % the outstanding debt.........yr iva did not clear yr debt but merely confirmed that we would not actively pursue any amount outstanding. The amount is still outstanding (£8.6k), it is...

Thank you Andy...much appreciated. I can not speak to the bank as I am unable to remember my phone password...account closed nearly 6 yrs ago!!! However the company who administered my iva have confirmed the same and are happy to speak to the bank concerned.....letter is drafted and being sent by sp...

I completed my IVA a year ago and I paid off my IVA in full 100p/£...I have since lodged a PI claim and yesterday got the response that I was owed £20k but the lender will keep back £8.6k, leaving an offer of £11.4k. Can they do this? The debt agreed at the offset of the IVA has been paid in ful...