full and final settlement

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jackso-b

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Post by jackso-b » Fri Oct 12, 2012 1:20 pm
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hello i made an offer of full and final settlement and it was accepted and i paid them the money but till this date i have not had my certificate of completion when i ring to ask why they just keep saying it will be a couple more weeks but is there a time frame that all this should be done by i think its been about 7 weeks now. thanks for any info
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Foggy

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Post by Foggy » Fri Oct 12, 2012 1:30 pm
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Hi there. They generally allow a time frame of up to 6 months in the proposal. Some mange it within a few weeks, others have been known to go a year ( due to recent changes in PPI claims and VAT refunds).

A lot also depends upon how pro-active your IP has been in verifying and chasing claims from the creditors.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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MelanieGiles

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Post by MelanieGiles » Sat Oct 13, 2012 12:01 am
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Ask them to give you a definite date by which time you can expect your case to be closed, together with the specific reasons which are currently keeping it open.
Regards, Melanie Giles, Insolvency Practitioner
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