Completion certificate

[G-W]

How long does it take for your IP to issue a completion certificate on completion of an IVA? My F@F payment was sent to my IP on 19th July and as yet haven't heard or received anything. No panic, just wondering. Cheers

[MelanieGiles]

Hi GW

It should be issued immediately - but your IP does not necessarily complete the IVA when you make your payment, sometimes they may still have work to do. In my practice we always attempt to go for a combined Chairman's Report and Final Report to creditors - thus ensuring that the case is closed within 4 days of the variation meeting.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[G-W]

Thanks Melanie,

My variation meeting was on the 26th June, the re-mortgage was completed on the 18th July, the solicitors sent the payment to the IP the next day. I rang my IP company on the 20th July who told me they had received the payment. Should I ring them?

[Adam Davies]

Hi
Mine took nearly three months from the funds received by the IP to the certificate being issued.
So don,t hold your breath,not all IPs are like Melanie.
regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[MelanieGiles]

The more you pester, the more chance you may have of getting things done. A weekly call should do the trick!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk