Confused(Full and Final Settlement)

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ljg

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Post by ljg » Tue Apr 30, 2013 8:41 am
I am relatively new to the Forum and the more posts I read the more confused I get,so here goes.If a full and final settlement is made and accepted by creditors and a Cert of Comp is finally issued are you released from your IVA or can the creditors return in the future to reclaim further monies.No PPI involved.
 
 

ClareSilver

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Post by ClareSilver » Tue Apr 30, 2013 8:43 am
If there's no PPI involved and you've received your certificate of completion, then that's it, nothing else is payable.
Last edited by ClareSilver on Tue Apr 30, 2013 8:47 am, edited 1 time in total.
 
 

ljg

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Post by ljg » Tue Apr 30, 2013 9:59 am
Thank for that ClareSilver,do you have any idea what's involved with Mass Variation Meetings, in particular what's involved and how long after one a Cert of Comp would be issued
 
 

kst101

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Post by kst101 » Tue Apr 30, 2013 10:28 am
The mass variation meetings are being held so that IVAs can be completed before PPI has been investigated. As I made a F&F payment 10 months ago, signed forms for EIF at the same time but have only in the past couple of weeks been sent the full forms for them I am glad that there is a chance this IVA will complete some time or other as if I had to wait for EIF I think it would take a very long time.

I think the quickest completion certificate could come after GTs variation meetings is 28 days but given it is GT then I assume much longer. If I get a completion certificate at some point in 2013 I'll feel something has gone right.
Paid F&F in July 2012 and received CC in July 2013 :-)
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