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Posted: Fri Aug 06, 2010 2:06 pm
by JoeB
Hi we have just had our full and final payment agreed in settlement of our IVA (agreed two weeks ago) we have sent the money our firm. I assume the windfall clause no longer applies - yes
Posted: Fri Aug 06, 2010 2:11 pm
by SometimesTina
is this some kind of coded message - yes
Posted: Fri Aug 06, 2010 2:13 pm
by Michael Peoples
If you have won the lottery but have not yet received your certificate of completion you should notify your IP who will have full details of your case. While your full and final may have been accepted, the IVA is not officially over until the certifcate has been issued.
Posted: Fri Aug 06, 2010 2:14 pm
by voyger02
hi a n other do you mind me asking what you paid out f how much they were looking for.
Posted: Fri Aug 06, 2010 4:43 pm
by kallis3
Each F&F is individual, you would usually be expected to pay as close to the original dividend as possible.
I have to agree with Michael that until you get that completion letter, the creditors can request money from a windfall and you should inform your IP.
Posted: Fri Aug 06, 2010 4:50 pm
by Shining
Congratulations on your full and final..enjoy your debt free future. x
Posted: Sat Aug 07, 2010 9:31 pm
by MelanieGiles
An IVA is never completed until your IP has issued the Certificate of Due Completion, and has ceased to act.