I am sure I am not on my own here when I say my house is falling down! The years building up prior to entering my IVA then for the 5 years during it has meant I had zero to put towards maintenance and our house is in dire need of work, especially now winter has well and truly arrived.
I have three pensions and one I that had quite literally forgotten all about. As an over 55, the 25% I can take tax free will just about cover the most urgent of repairs, but as I only completed my IVA by way of a full and final settlement on Nov 7th, I am yet to receive my completion certificate.
Will I be safe doing this now or should I wait until I get the certificate? Do my creditors still have a hold over any funds like this even though they accepted my full and final offer and that payment has been made?
Until you get that certificate you are still in an IVA and they can grab windfalls, so I would wait untikl then -- unless the pension and proceeds were listed as an excluded asset.
Who are you with ? Many firms take less than a couple of months (barring complications) -- Aperture and Payplan take longer.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Foggy wrote:Until you get that certificate you are still in an IVA and they can grab windfalls, so I would wait untikl then -- unless the pension and proceeds were listed as an excluded asset.
Who are you with ? Many firms take less than a couple of months (barring complications) -- Aperture and Payplan take longer.
Thank you Foggy, I had a feeling you might say that!
I'm with Payplan and I posted on here how it took over 6 months to arrange a variation meeting for my full and final offer so I will not be holding my breath for a quick turnaround!
