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klutter
Posts: 21 Joined: Sat May 28, 2011 3:34 pmLocation:
If issued, are either of these logged on the insolvency register?
MelanieGiles
Industry Expert
Posts: 47612 Joined: Tue Jan 09, 2007 10:42 amLocation:
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No - they are a matter between you, your IP and your creditors. Once the NOB timeline has expired a meeting of creditors will be called for creditors to determine how they wish the IVA to be terminated. This should be called within 28 days of the expiry of the NOB unless the proposal dictates otherwise.
Regards, Melanie Giles, Insolvency Practitioner
Broke of London
Posts: 7761 Joined: Sun Sep 05, 2010 6:04 pmLocation: United Kingdom
Hi klutter - sorry to hear about your iva. I'm not sure of the answers but wanted to welcome you. x
klutter
Posts: 21 Joined: Sat May 28, 2011 3:34 pmLocation:
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?
Broke of London
Posts: 7761 Joined: Sun Sep 05, 2010 6:04 pmLocation: United Kingdom
It will show as failed. Have you chosen to fail your IVA?
klutter
Posts: 21 Joined: Sat May 28, 2011 3:34 pmLocation:
That's great thanks for such a speedy response even so late at night!
MelanieGiles
Industry Expert
Posts: 47612 Joined: Tue Jan 09, 2007 10:42 amLocation:
Contact
The register will not show that your IVA has failed. The IVA will be merely removed from the register once the IP files his notice of ceasing to act.
Regards, Melanie Giles, Insolvency Practitioner
