Thank you for your email. I can confirm that all administration of closure is complete as final funds have been distributed to your creditors. This was the last stage in the closure process and now we are awaiting the outcome of the creditor meetings (MVM) before we can close any cases.
Again, typical GT. a bit of good news followed by another promise with no time frame. How long do the creditors have to answer?
Has anyone received their completion certificate following the MVM.
I had to chase them, then wait for 5 days for an answer. I will now have to wait 5 days for the answer to that. It's very frustrating. Been 8 months now, still no CC.
have you had your "mass variation meeting" date?? mine is 15 april and on that day i should know whether the creditors agree to the new terms and conditions. after that, I am hoping my certificate will be with me in a couple of weeks. this is what i have been told and i am so hoping this will be the case.
Did GT tell you that date or did you have to ask? Haven't been told anything here apart from knowing it is in the completion stage, they have calculated the dividend and it will be distributed at some point. Maybe another email is needed....
Paid F&F in July 2012 and received CC in July 2013
Have emailed GT - feel a little disgruntled other people are having creditors meetings and not me although I know I haven't been waiting that long since final payment compared with many on here.
Paid F&F in July 2012 and received CC in July 2013
Creditors are normally given 28 days notice of a variation but it depends on when GT are going to send the paperwork out. Hopefully they should let you know, you should really have confirmation in writing from GT just like the creditors
So, i got the call to say the variation meeting was a sucess but she couldn't give me an update on certificate as this is handled by the closure team. Good news but also very frustrating
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by sponge
If that final distribution of funds has been made to creditors, what is the creditors meeting for? or rather what is the MVM or even why?
$64 million question, Sponge. Why do they need us ( and themselves) to jump through these hoops to achieve what some companies are achieving without (the jumping)?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
