They can take as long as is required, as things stand at the moment, and, yes, until such time as you get that completion certificate windfalls and inheritances would be payable.
Who are you with? Would they take an assignment of the PPI ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Far be it from me to be morbid but I believe that a will can be written with a clause in it that prevents any money or assets being taken into an insolvency arrangement or bankruptcy.
This is correct Hubert. An inheritance can be held in trust until such time as the beneficiary is solvent.
Other devices are to leave monies to the grandchildren. Genuinely though --- not to be siphoned off later Or to a trusted relative to hold on to (very trusted !!).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
i am with mc duffy, just a bit fed up with eif as the are not doing enough in my eyes. they seem to have waited till the last 3 mths before starting to do any claims on ppi.it may be april before I get my cc gutted !!!!
This is what I have always found totally wrong with completion where IVA's are concerned.
Some get their certificates within weeks of final payment whilst others wait months, or as in my case, almost 2 years! (from no fault of my own), and I did sign for EIC to claim any PPI outstanding.
Whilst I agree that all IVA's are individual, once the last payment has been made/full and final accepted, there should be a standard cut off time for all companies where clients are no longer bound by the terms and conditions of their contract, irrespective of the time it takes for them to sort the PPI issues out.
This would stop the unfairness of some being more vulnerable than others and I am sure would speed up completions all round.
I am sorry Gary for the delay and contact me directly on Monday and I will see what I can do. We do not like keeping files open unnecessarily and in the event that there was a windfall we would call a variation to exclude that. The are problems with PPI but I will do my best to get you your certificate.
Me too seems very unfair that once you have completed your obligations it then depends on how long it take your company to issue a CC to be free from your IVA. Surely this need addressing by the powers that be!
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Borneo
This is what I have always found totally wrong with completion where IVA's are concerned.
Some get their certificates within weeks of final payment whilst others wait months, or as in my case, almost 2 years! (from no fault of my own), and I did sign for EIC to claim any PPI outstanding.
Whilst I agree that all IVA's are individual, once the last payment has been made/full and final accepted, there should be a standard cut off time for all companies where clients are no longer bound by the terms and conditions of their contract, irrespective of the time it takes for them to sort the PPI issues out.
This would stop the unfairness of some being more vulnerable than others and I am sure would speed up completions all round.
I agree. In fact I would go further and say that your responsibilities are discharged when the final payment is made, save for making up any arrears if they come to light and PPI. Why should you continue to be bound when you have effectively completed your part of the contract ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Interestingly, Michael says that he would call a variation meeting to exclude any windfalls whilst a client was waiting for their certificate.
This is a very fair comment, but unfortunately other companies (especially mine, who incidentally was not the company I started with, having been transferred 3 times, would not take the same view).
Again another case for standardization within the Insolvency Industry.
Yes, Katy, a few firms do regard the IVA as done and dusted after the final payment. Mind you whether the creditors would agree to the variation is another matter.
I know mine hold clients to the letter of the IVA until such time as the certificate is issued --- and they are far from the fastest at doing that !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
i thank you all for what you have all said, thank you Michael I shall call on Monday many thanks.
like everyone states after you have made that final payment after 5 /6 long years you should be able to get your cc, the ppi claims could take a while and have no bearing on you, it just goes into the pot for which you cant get anyway ?? so why the wait!!
the ppi claim on each iva should be all completed by the 54th month and not after your completion
rant over will let you all know what happens
many thanks
Eic is just a trading name of creditfix and is listed on their data protection register entry.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
Or to a trusted relative to hold on to (very trusted !!).
