Thanks David all sorted now all information fowarded also fowarded information on joint account thanks for you help and advice
kind regards
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by David Mond
Suzzy – I think the same applies as did in Reesay’s case.
If you complete the form and return it I will arrange for completeness along with a comment if required about your circumstance.
DRSP will then contact you to confirm the details provided. As above, full disclosure will be best – I’ve also commented on your other thread so please do get in touch regarding that issue.
The agreement here does not add or detract from the contractual payments. If, towards the end, there is equity to be addressed, this is unaffected by this agreement and a 12 month extension ( or whatever remedy has been agreed) could be put in place.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Hi David. that letter WAS misleading. It started by saying: "I have good news for you."
It went on "On Friday 20 March 2015 YOUR creditors agreed to a mass variation that will allow me to close YOUR IVA and issue you with the relevant certificate if all the expected contributions have been made."
Anyone reading that would think that their IVA is finishing. I certainly did and was extremely happy for about two hours. The postal letter said twice in the first paragraph that Cleardebt was closing my Iva?Then I received the email.
In my case I was told in January that my IVA was being extended to 6 years because I was unable to remortgage my property. In June I will have completed my 5 years. when I got that letter I thought this would be over in June.
Why send a letter like that to people who have not completed their IVA. Cleardebt got my hopes up only to dash them the same day. Obviously people had thought the same as me and began contacting Cleardebt to ask if their IVA was over. A hastily written email was then sent to everyone.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by davbrown1962
Hi David. that letter WAS misleading. It started by saying: "I have good news for you."
It went on "On Friday 20 March 2015 YOUR creditors agreed to a mass variation that will allow me to close YOUR IVA and issue you with the relevant certificate if all the expected contributions have been made."
Anyone reading that would think that their IVA is finishing. I certainly did and was extremely happy for about two hours. The postal letter said twice in the first paragraph that Cleardebt was closing my Iva?Then I received the email.
In my case I was told in January that my IVA was being extended to 6 years because I was unable to remortgage my property. In June I will have completed my 5 years. when I got that letter I thought this would be over in June.
Why send a letter like that to people who have not completed their IVA. Cleardebt got my hopes up only to dash them the same day. Obviously people had thought the same as me and began contacting Cleardebt to ask if their IVA was over. A hastily written email was then sent to everyone.
very disappointing
I can certainly see your point Davbrown ---- maybe the line I have highlighted in red should have come first !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I guess the key words were "if all the expected contributions have been made"
Hubby received a letter even though his completion docs were received in November so we had to call about the letter to but sorted quickly.
I think that some people not on the forum could have been confused. If you are unaware there's an issue then the fact that there's now a solution means nothing!
I do wonder where it will end with claims like ppi. That was new, now pba claims too could cause a delay. What next? Quite possibly missold IVAs!
There was no need to send that letter. It was a thoughtless and cruel thing to do.
I feel the true reason it was sent was to get people to return the two forms that came with it, asking people to give cleardebt permission to pursue further PPI and now PBA claims.
I received the letter and I also thought my iva was ending early, did a little dance then read it properly, wasn't too happy and totally agree the wording was all wrong, didn't even receive an email as others have but hey ho at least it wasnt all bad lol
Also with this PBA issue, I've had three bank accounts, the 3rd being my current and I know for a fact I've never had any add ons with any of them, I don't believe in these things and wouldn't have it and also Id know if they did add it on as I check my statements religiously. by signing the document stating I do not believe I've been missold any extras will that be a open and close case because I really don't want to wait how many odd years for DRSP to tell me something I already know. Just think it would be a waste of time when they could help someone who actually needs it.
With the benefit of hindsight, I agree with Foggy that the sentence in question could have been ordered in the way suggested.
Later in the letter it also states:
"Following lengthy negotiations with your creditors and their representatives, I am now able to confirm that where you have completed your contributions and complied with the terms of your IVA in full, there is now no reason for your case to remain open if all that remains outstanding are claims for mis-sold PPI and/or PBA mis-selling."
Along with:
"If you have made all of your contributions and you feel that the addition of the Trust Clause as detailed earlier will benefit you immediately in allowing your IVA to close, please bear in mind that my staff will be incredibly busy over the coming weeks and months in completing those cases which were previously unable to be closed and that cases will be closed on a first come, first served basis so please be patient with them but do return these forms as swiftly as possible."
I hope everyone can agree that I have made every attempt to make the letter regarding the mass variation as clear as possible but do acknowledge that one of the sentences could have been reordered.
Also, I should also point out that the letter was initially sent to around 1,500 customers and following a handful of calls from customers who had misinterpreted the content of the letter, subsequent letters were sent out with an accompanying document to further clarify and avoid any further confusion.
James83 – to answer your point, the form you are referencing to is specifically related to Packaged Bank Accounts and not to standard current accounts. I believe there is a list of accounts on that form which are packaged accounts – if you don’t have any of these then you can tick the box stating that you have not held any of these accounts.
Regards
David
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Good news, sounds like a similar agreement I have just been offered by PJG, to sign a 'deed of assignment' in relation to any PPi claims which will then continue to be pursued but my IVA can be closed as I paid it off in October '14
IVA Accepted - Sep 2009
F&F Accepted - Oct 2014
CC Received - Jul 2015
