sponge wrote:
foggy
Years 2,3,4 pass in a blur (honest they do) you don't think about it that much and even year 5 not so bad...Except the last three months that's like eating poo for 12 weeks! So after you last payment after about a further 8 weeks it's inside your head all the flippin time, I was just so fookin miserable.. Anyway when you get there, sure they'll have changed the proccess so it's sort of a next day thing
....not with my luck !!! [B)]
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I was with DFD and it took months to get the completions certificate. I completed in May and got the certificate at the end of September. Like in your case here was no communication. It was all one sided with me trying to push it through. Had I not been phoning on a weekly basis I doubt I would have it. When I spoke to various people it was apparent that due to the workload my case was just sat in a pile of work to do and nohing much happening. I was worrying on a daily basis for nothing. It does seem wrong that they don't clear the backlog with more staff etc but what I found worse was the lack of communication and updates. That said apart from that DFD were a good company to deal with, I did find them very fair, professional and understanding and apart from the final stages they were excellent.
My one suggestion would be to find out who your IP is and email them direct. I got an email back straightaway towards the end of the completion process, my certificate ha been sat waiting for a signature for 3 weeks. When I emailed it got one that day. However my other niggle was that they sent it 2nd class post, not a biggy I know but when you really want that certificate it did seem a little cheap and shoddy of them.
"Just when you think that you can make ends meet, somebody moves the ends."
No reviews at all in the final year! The last review I had was four years in. No need to send in any paperwork or statements at the end either. All I had to send in was paperwork regarding my mortgage payments and equity to resolve the equity clause issue. I doubt you will have any reviews in the last year but I could be wrong.
Good luck.
"Just when you think that you can make ends meet, somebody moves the ends."
Andy Davie wrote:
Hi
I'm just waiting for someone that has finished paying their IVA, and is still awaiting completion some 3-4 months later, to unexpectedly receive a windfall..............I bet that would have to go into the IVA.
Regards
Would this really be allowed? After the last payment surely one has finalised the commitment outlined in the proposal? Leaving the door open for months on end to trap a windfall is surely underhand and stretching the rules?
Unfortunately it would be allowed - until that completions letter is issued then you are liable for any windfall.
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
Even if the iva has been completed, yet hasn't been closed by the ip and removed from the register, the creditors still have the right to any windfall you receive.
I'm not so sure that a windfall received outside of the duration time for the IVA would necessarily have to be paid over - at least I would love to see what a Court would make of that. IVAs are for a fixed duration, and they end at the end of the duration unless the terms of the IVA determine otherwise.
I thought you were liable to pay anything across until the completion letter arrived.
Apologies if I was wrong.
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
i would not class the waiting time for a completion certificate to count as if your last legal payment date is done then thats it for your obligations.the time it takes to distribute and close down the creditors payments could take a long time but should not be any further burden on you as they say.
if its done quick so much the better.
the certificate is just to say officially everything has been payed out to the satisfaction of all partys ie creditors,ip company and the client.
thats how i see it
cc received 6th January 2014 now upwards and onwards
Another poster though has been told that if the apply for credit before getting the letter they could be in breach of the iva.
It seems to be a bit confusing.
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
yes it does seem that way but i suspect that every firm does things slightly different with way they do finnish iva off..but i would stick to my guns where the windfall,bonus clauses come into it.if you payed your dues for 5/6 years then thats that no dragging it out to see what else comes up.yes i agree with not getting credit till you got the certificate but then who would be able to get credit anyway that soon till its dropped off as they say in the carry ons
cc received 6th January 2014 now upwards and onwards
You probably wouldn't be able to get any. As regards windfalls it's highly unlikely your ip company would know anyway.
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
