www.iva.co.uk

Hi All After hearing so much about completion of IVA I just wanted to know what the process is for clsoing an IVA. What steps have to be done My iva is fairly simple no mortage or PPI as form signed just the VAT mass varation with GT.
So what are the steps is it a final annual review?
What other steps does the IP have to do?
Just interested so can see what to expect in 6 months time what questions/details did others have to provide?
Thanks for your time.

It would appear that some firms do final reviews but some don't. Best to speak to your IP.

Your IP will need to complete a final review to ensure that you have not received any windfalls during the final year, and have paid over any uplift monies which are due.

You will need to ask your own IP what the timescale is for closure. In my firm we usually close cases within 2 months of the final anniversary.