I don't understand where I am with getting my closure certificate. Final settlement made Feb.2011

[cptredwell]

I won't hold my breath

[cptredwell]

Here is the latest update from GT after writing to Karol ""I wish to advise that as your case is in closure you will not be required to pursue a claim for mis-sold PPI or unfair bank charges through EIC. As such this will have no impact on the closure of your case.

As advised, having reviewed your case it was identified that your previous Insolvency Practitioner, Blair Endersby had overdrawn on fees. Therefore, we have requested that Blair Endersby refund these overpaid fees so they can be distributed to your creditors in accordance with the terms and conditions of your arrangement. We have not received these funds from Blair Endersby as of yet and until we do we are unable to progress with the closure of your case.

Please be assured that we are doing all we can to close your case as quickly as is possible and thank you for your continuing patience in this matter.""

Seems I still have to wait because some one got overpaid and it seems that they are reluctant to pay it back. How long does it take to refund what they've been overpaid??? Oh well, atleast it's a different excuse as despite the letter, no ones told me this one before.
I feel like a mushroom.

[geordie123]

this is similar to our case. we paid our last payment in may 2011 and funds have been distributed wrongly so they can not close our case until this is sorted. In the meantime we are in limbo through no fault of our own. I wonder what happens if the overpaid money is not handed back. will we still be waiting this time next year. Not good enough.
good luck with yours

[cptredwell]

It seems to be a familiar story, certainly with GT, perhaps it's time they looked at their way of doing things and sorted it out, I get the feeling they're not really that bothered, after all it's not them that really affected by it. I just get the familiar email replies that everybody gets I think, ""we will conclude as quick as we can but we have to abide to the terms of your IVA"", I have abided to the terms and still I am screwed because of GT's incompetence.

[vince666]

That's unbelievable - GT are delaying closure because the IP they bought the business from had previously overpaid themselves. This raises a few questions:

1. By how much have BE overpaid themselves?
2. Surely BE are in breach of some regulation here and should be reported to the IPA?
3. Wouldn't scenarios such as this be covered by warranties in the sale and purchase agreement between GT and BE? Isn't it really now GT's responsibility to cover the shortfall as they bought the IVA portfolio from BE?

[cptredwell]

You just can't get the truth out of anybody, you get all sorts of excuses but I don't know what to believe any more. My case has been in closure for some time and have now been told this, when I enquired when was the money first asked for they told me it was asked for on wednesday, so it's taken them months and months to even ask for it and they haven't told me how much. As for reporting them to IPA, I suspect they will just issue more bull **** like the companies they investigate. I just don't trust any one any more.

[Adam Davies]

Hi

How frustrating for you.

First there is a delay because of the PPI issue and now a further delay because a previous IP has drawn too much in fees.

Are people delayed from bankruptcy discharge because of ongoing PPI claims ?

Regards

[Niobe]

I've not heard of that happening Andy - nobody has posted about that on the sister site.