Thanks everyone. This is a very good forum. I'll let all know my outcome. I tried to contact Laura but the message came back as undelivered I have sent her an email to Fairpoint so hopefully she may respond. We are happy to be out of debt but just want to get the certificate and move on.
Hi All
I got a reply from Laura.
Basically they tell you it's six months as a standard timescale to close an Iva. They will close it asap but cannot give a timescale as to when it would be closed.
I guess it's all about right who's next on the list. I'll get christmas out of the way and get back in touch at the end of January.
Good news all round and I am sure Laura will get you prioritised if need be. Ask DFD if it is now okay to start reducing your mortgage balance and I am sure they will not have a problem.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Stuart.01
@luluj
If we made a full and final payment and it was accepted on whatever date. Then surely I'm released from my Iva on the day they receive the full & final. I do not see how I can be chased for anything from Dfd.
It seems as though your telling me I am liable for example if I got a job and I'm bringing more money home. They can take it. Not strictly true.
No because it will take time for your IP to agree creditor claims and send formal notice for those claims (if not already done) then calculate and pay a final dividend and produce a final report. So it won't happen overnight but could be very quick depending on the creditor claims position.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Stuart.01
I will put the pressure on these people I like a rumble in the jungle of I'm right. That's why I came here first to get the advice. I'm going armed. Thanks Lisa for your help and thanks everyone else for your guidance. I will report back as soon as I have been in touch. I have to say though. The last time I rang Dfd I was on hold for 50 mins. I was losing the plot. It was only the fact that " My call was important to them why I held" #128512;
You're welcome.
50 minutes on hold is absolutely shambolic and ridiculous!! Best to keep your corres in writing.
Yes thank you Lisa.
But as Laura at Dfd said 6 months is the standard time which they say is for PPi claims etc etc so I guess I'll have to wait. But albeit I do feel that once a F&F has been accepted then surely closure should start pretty much after payment of F&F. And to start approaching me now let's say re PPi is a bit of an insult. It's like someone selling me a car for £500 then when I pay for it the seller comes back to me and says. Erm we want £700 for it. And as you say after being in debt for 10+ years and to find an end to it. 6 months is a long long time. I would also like to add that in all of our time with Dfd. We have never spoken to our I,Practitioner yet on this Forum there's loads. ??? And more helpful come to that.
There is only one IP on here currently and that is Lisa - the others such as Michael and Andy Davie are advisors or managers.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by luluj
Until certificate of completion received all terms are still applicable inc. Inheritance and PPI etc.
In fact there maybe a clause in the closure to say PPI for instance is still payable to your creditors post completion actin as well.
Is this true? I am in my final equity clause year and have been told no more reviews. I have also been told if we get any work bonus etc they are ours to keep
Hi In_deep
I made a full & final offer to end my Iva and it was accepted; I am now awaiting for the Iva to be closed and i asked whether i can overpay on my mortgage now that i'm awaiting for the Iva to close.
I was told yes i am good to do this as i am Iva company are not after any money from me. but i do think all cases can slightly differ. there are good advisers on here with good knowledge who will help you out. I'm just telling you what i know and it's not a lot.I just didn't want you to feel your alone on this trail.
you could always get in touch with your insolvency company and ask them where your standing is on this subject too.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by In_deep
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by luluj
Until certificate of completion received all terms are still applicable inc. Inheritance and PPI etc.
In fact there maybe a clause in the closure to say PPI for instance is still payable to your creditors post completion actin as well.
Is this true? I am in my final equity clause year and have been told no more reviews. I have also been told if we get any work bonus etc they are ours to keep
If you receive a windfall before you receive your CC then all bets are off. You continue to be bound by your IVA terms unless they have been modified or your Supervisor grants permission for something specific.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Stuart.01
Yes thank you Lisa.
But as Laura at Dfd said 6 months is the standard time which they say is for PPi claims etc etc so I guess I'll have to wait. But albeit I do feel that once a F&F has been accepted then surely closure should start pretty much after payment of F&F. And to start approaching me now let's say re PPi is a bit of an insult. It's like someone selling me a car for £500 then when I pay for it the seller comes back to me and says. Erm we want £700 for it. And as you say after being in debt for 10+ years and to find an end to it. 6 months is a long long time. I would also like to add that in all of our time with Dfd. We have never spoken to our I,Practitioner yet on this Forum there's loads. ??? And more helpful come to that.
Sounds like a cop out to me. They could ask you to assign any PPI rights so the case could be closed...
I take if you had been my Ip Lisa it would be closed now. Maybe DFD need to sort themselves out because one person says one thing and someone else says another.
Communication, allowing clients to make informed decisions seems to be lacking,
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
The quicker you sign the DoA and the sooner your IVA will be closed. It is likely that dividends have already been paid so claims do not need finalised and the case could be closed down quite quickly.
