That sounds promising Heretoday - its a shame that all companies dont take the same position. I guess thats why ultimately sometimes the only way for a clear position is to seek legal advice, though I doubt many would actually bother where it was a matter of choice (IE whether to take redundancy or not, as in the case of the original poster) - you'd most likely just accept missing out instead.
This point needs to be beaten to death until things are clarified by GT at least (all IPs would be great). It is, for want of a better phrase, a complete swizz for an IP to be able to "leave the door open" as long as they like in order to have a claim on a windfall after the last agreed IVA installment is made.
I don't think any of us are keeping cases open for as long as we like komakino - personally I like to get cases closed as soon as possible. But IPs who have "all-asset" clauses within the terms of the arrangements they are supervising must recover all assets for the benefit of creditors, and in some cases this is taking some time to do.
Perhaps GTs clients could request variations to exclude any prevent contributions Beyond VAT and PPI.
Although presumably if GT are quoting the book at clients they too will be sticking to their terms re admin period and no-one has anything to worry about?
I feel sorry for you because mines been in their wonderful closure team since april, I wouldn't hold your breath if I was you, it won't be long until your as frustrated as everyone else that's had the misfortune to end up with GT's closure team, complete and utter waste of time. If you managed to speak to Karol, then well done, you will still be asking questions about closure months down the line, it's easy to blame other reasons for your own company's failings, isn't it GT?
I've just read through the entire thread & I sincerely hope GT gets this sorted for you. I would escalate this past the customer service team & straight to the IP. Please let us know how you get on.
These posts are starting to fill me with dread of my own IVA ending, this is not how I wanted to feel.
The end should be the last payment of the duration of your IVA. As long as all contributions have been made, then it should be that your free of your obligations. We signed up for 60 months and I know IVAs get extended to 72 due to equity issues etc, which are set out in the agreements from the start, but why do they have to be tied to the arrangement till the IVA company decideds to get round to doing the paper work? 6 months is long enough & a ample amount of time for a IVA company to tie everything up.
People in prison get treated better, they even get out early! A IVA is similar in a way as we do our time & then have to wait to be released & to not know when its over going to be over? You would have riots in prisons if they didn't get released on time.
Last edited by MrsKnight on Mon Oct 29, 2012 4:56 am, edited 1 time in total.
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
It simply can't be fair that although you have completed all your payments [and from your point of view your obligations] you are at the total mercy of your IVA company as to when you can move on with your life. We have differing views and applications regarding current IVAs from company to company and I really do hope that the industry comes together very shortly and pulls itself together so that Joe Public can be provided with a universal approach to the closing of all IVAs.
MrsKnight, I think your prison analogy is spot on. It seems that at least PayPlan have acknowledged this situation by asking creditors for their agreement to issue a completion certificate after all payments have been made, even if issues such as VAT and PPI are still outstanding.
