www.iva.co.uk

Congratulations! We have reviewed your case and can confirm that you have successfully fulfilled all your obligations towards your IVA. Your case has now been passed to our Closures Team who will complete the final administration and issue you with your certificate of completion, please be advised this can take up to 6 months. If you have made payments to the IVA by standing order, please contact your bank and cancel this. Once again Grant Thornton would like to commend you for your determination to become debt free. Recieved this text from Grant Thornton why does it take 6 months if I have fullfilled my obligations?

Hi Megan and welcome to the forum

I have no idea why it takes so long. In my firm, closures are usually processed within 24 hours of being identified for closure - subject to the IPs own schedules.

GT's "standard" closure time is 6 months. They seem to interpret this as the given time ( and take it) rather than the maximum period as outlined in many proposals.

My letter from Paypal said the same, but within a month it was in my hand, so you may well have it very soon. Fingers crossed.

6 months I wish. I have been told by V&N that they are dealing with a large backlog and it could take another 3 months which will bring it up to around 10 months.WE JUST WANT TO MOVE ON.

We like to close files down as soon as possible and I see no benefit in keeping them open. All it creates is more work and dissatisfaction among your clients.

Hi

Would be good to see a maximum 31 day rule introduced for all IVA closures following a successful payment history.

Regards

This time period, be it 24 hours, 31 days or 6 months, when is it actually from ?

Is this from last payment, if so what about a lump um IVA ?

Is this from the date that all creditor claims are agreed ?

Is this the data from which the information needed to pay creditors and make up final report has been gathered ?

Is this after the final report has been written ?

Martin

There already is a two month rule Andy - as I fail to see why anyone would want to do an annual report when then could do a closure. It just does not make sense!