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Posted: Tue Nov 24, 2009 6:51 pm
by jc_test
Hi,
Once a final settlement has been paid is your name removed from the Insolvency register or does this stay for 6 years?
Thanks
Posted: Tue Nov 24, 2009 6:53 pm
by Julie
hi- once you have completed you will be removed from the register. Your credit rating will be shot for the 6 years tho.
Posted: Tue Nov 24, 2009 6:59 pm
by jc_test
That's what i thought but the company who arranged my IVA have just told me it will stay on there for the full 6 years. Do you know where i could find proof of this?
Thanks
Posted: Tue Nov 24, 2009 7:03 pm
by Julie
Someone else will verify but I think your company is wrong. Who are you with?
Posted: Tue Nov 24, 2009 7:04 pm
by jc_test
Debt Free Direct
Posted: Tue Nov 24, 2009 7:07 pm
by Lisa2009
Julie is right. Your credit file will be shot for 6 years but your name will be removed from the insolvency register when your IVA ends, whether it be full term or early.
Posted: Tue Nov 24, 2009 7:07 pm
by Julie
Declan posts on here so hopefully he will pick this up.
Also some posters who have completed their IVA's/ BR will be able to tell us how long they stayed on the register after completion.
Have you completed your IVA?
Posted: Tue Nov 24, 2009 7:09 pm
by jc_test
Thanks
Posted: Tue Nov 24, 2009 7:12 pm
by Julie
I've just checked on someone who has completed their IVA and not on register.
I'm sure I'm right but I'd like someone else to confirm.
Posted: Tue Nov 24, 2009 7:14 pm
by Lisa2009
You are right Julie, i did answer above xx
Posted: Tue Nov 24, 2009 7:16 pm
by Julie
Sorry Lisa, I missed your post [:I]
Thanks for confirming, i was starting to doubt myself [:D]
jc_test, I can only think it was a junior member of staff that gave you incorrect info. Not acceptable I know, so hopefully Declan will still pick up on this.
Posted: Tue Nov 24, 2009 7:18 pm
by Lisa2009
[:D] Jon's iva completed 2 years early and his name was quickly removed from the register x
Posted: Tue Nov 24, 2009 8:11 pm
by MRBLUESKY
hi all just to confirm,my iva completed june and i was removed fron register aprox 6 weeks later after full and final settlement.
Posted: Tue Nov 24, 2009 8:20 pm
by Adam Davies
Hi
Yes, records of your IVA are removed from the insolvency register once completed.
Regards
Posted: Tue Nov 24, 2009 10:50 pm
by MelanieGiles
I would be very keen to know who the company were who arranged your IVA. Was this a packaging company or an actual IP firm, as the advice they have given you is completely incorrect.