Full & Final payment offer - GT resistance

[Nicola.st]

Nicola, after sending back that form, they told us over the phone which documentation was needed, think some of the other types listed in that document are for if the variation is asking for the iva amount to be reduced. We had to send proof of where money was coming from, 3 months payslips, mortgage statement showing payments, water and council tax bills.

hope that helps

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Nicolad8752

Hi MKM76.

Could you inform me of what financial evidence GT requested from you in order to request your Full and final settlement.

I ask as I have enquired this with GT who has now sent me a booklet to fill out with all my financial income and expenditure that also states that all my 12 months wage slips and latest p60 need to be sent with they have had already as my yearly review was only done last September. but the booklet also states that further information will be required if a creditors meeting is to be set such as bank statements, benefit letters if applicable and receipts or bills detailing the amounts I pay on my household bills if not by direct debit through my bank. It all seems more intense than when I set the original IVA up over 4 years ago.

How have you submitted your offer and what has been requested from you at this stage, thanks. Nicola

[MKM76]

Hi Nicolad

This is the list of documents they have asked for;

1.Last 3 months (13 weeks wage slips)
2.Mortgage Redemption Statement
3.2014-2015 Council Tax Bill
4.Proof of Water Rates Bills
5.Proof of Gas & Electric Bills
6.CSA Letter to show Maintenance payments
7.Copy Bank Statement showing CSA payments being made
8.Letter from person offering funds

I spoke to them over the phone and they said to post or email all the documents over. This was only done yesterday.

My review was only done in July but to be honest my wages have decreased since I did the Income & Expenditure list - I am constantly relying on family and friends to help me out which is not ideal at all. I know what you mean - it does seem a lot to have to do when they already have everything but I guess the Creditors want to be sure they cant possibly get any more money out of you.

[MKM76]

Hi Nicola.st

Thanks for the info - doesn't sound too bad time wise.

Good luck guys

[Nicolad8752]

Thanks MKM76. and Nicola St.

Please keep me updated on your experiences if that's ok. It would be great to have a heads up.

Good luck to you both.

[Michael Peoples]

Any restrictions as such should really only be in relation to windfalls etc although some firms will ask that any restrictions are removed as you have met your obligations. Hopefully it does not take too long to get the certificate as only then can your name be removed from the insolvency register.

[Nicola.st]

Hi All, Just an update to say that the creditors agreed our settle offer on 27th march, with alterations to GT's fees and a condition its finalised in 6 months.

so great news..just hoping now after hearing awful stories of people waiting 12 - 18 months after completion for their certificates that with the 6 month deadline the creditors have included in the agreement that we get the completion certificate by september, as we need to relocate for my husbands work.

[relieved33]

Hope you get a speedy conclusion.HGood luck with the relocation too.

[Michael Peoples]

Great news Nicola and worth persevering.

[Foggy]

Good news Nicola. GT have been getting a bit better recently, as they have slowly recovered from the mass influx of work they were sorely prepared for.