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Am I really near the end?
Posted: Wed Jun 03, 2020 6:21 pm
by jim259
I am in the last month of my IVA, and as I could not release equity from my house, I have paid the IVA for a further year. Is this the end of it or can they come back again for more money.
Thanks for any advice
Re: <t>Am I really near the end?</t>
Posted: Wed Jun 03, 2020 6:38 pm
by Foggy
They will, in the normal course of closedown, go over the last 6 years to make sure that all extra income has been accounted for and that no payments have been missed .... if that is all in order then they will issue the completion certificate in due course --- this process can take a few months with some providers, but, usually, 2 or 3. After that they only have a call on things like PPI ( or the next miss-selling scandal) or windfalls that existed during or prior to the IVA and come to light. From completion onwards, your money is your own.
Re: <t>Am I really near the end?</t>
Posted: Wed Jun 03, 2020 9:14 pm
by kallis3
Sounds good to me!
Re: <t>Am I really near the end?</t>
Posted: Thu Jun 04, 2020 1:54 pm
by cbdawg
Wed Jun 03, 2020 6:38 pmFoggy wrote:
They will, in the normal course of closedown, go over the last 6 years to make sure that all extra income has been accounted for and that no payments have been missed .... if that is all in order then they will issue the completion certificate in due course --- this process can take a few months with some providers, but, usually, 2 or 3. After that they only have a call on things like PPI ( or the next miss-selling scandal) or windfalls that existed during or prior to the IVA and come to light. From completion onwards, your money is your own.
What do they usual ask for with regards to extra income etc? I've never had extra income just usual pay rises that have been addressed.
Re: <t>Am I really near the end?</t>
Posted: Thu Jun 04, 2020 2:24 pm
by kallis3
Overtime, bonuses or windfalls. Nothing else.