Hi all
Paid our final IVA payment at the end of last month, called the company Grant Thornton to start completion, been advised that the process can take up to 6 months, is there any further worries now, can someone walk me through what happens now, can anyone of the creditors refuse or can this still go wrong, hopefully this is now the best bit just waiting to happen but any info would be greatly appreciated
Hi Andy and well done on getting this far. GT will pass the file to their completions department and they count the 6 months form when that happens ( which is not always when they tell you it is going to happen).
There they will go through the file to make sure all annual reviews were conducted correctly and that there are no further monies due to the estate. During this time GT will hold you to the terms of the IVA and will capture any windfalls / inheritances that might come your way.
Have they investigated equity and PPI ?
If you can, get a named contact in the completions department and keep in touch.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Great news and well done on reaching your last payment ... as foggy explains the end process can sometimes take longer than we would hope ... if it were me I would keep in regular contact to see how it was progressing.
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Great guys, always worried as we had a letter from the previous IVA company Blair Enderby a little over 2 years into the IVA saying we owed £2400 in overtime payments said i couldn't pay that then and they said they would come back to us, then changed to Grant Thornton for the last 3 years or more and i have repeatedly asked them if there is any extra money outstanding and to check about any letters on file about extra payments owing but they have always said there is nothing extra owing,
i suppose i should expect the worst and prepare for them to suddenly uncover this again and if they don't then celebrate
Sorry should have said as well, Yes PPI was investigated out of the 6 companies one was found guilty and they settled for about £100 which went onto the IVA
Keep missing things yes Equity done as well, had to use Zoopla to do a current valuation and that with the mortgage and secured loan added up puts us upside down, always great. Looking forward to see the end if this is the end as planning to overpay the secured loan with the IVA money
Congratulations on getting to the end. Remember what Foggy said about being still under the terms of the iva until you have that precious certificate in your hands.
