Hi guys,I am on my 63th IVA.payment. What happens after my last payment ?

Get expert opinion. This is the place for new questions to be posted.
5 posts Page 1 of 1
Post Reply

Fran.22

User avatar
Posts: 8
Joined: Thu Apr 23, 2015 2:08 am
Post by Fran.22 » Wed Oct 25, 2017 4:53 pm
Quote
Hi guys,
I am on my 63th IVA monthly payment and 9 more to go....fingers crossed!! My question to the experts is "After my last payment do I need to provide my IP any more financial information/evidence, P60, etc? Or are they the ones that will have to provide me with all documents that I need, Completion Certificate, etc? Also, " Is correct to say that I still have to pay any extra income received to the IVA between my last payment into the IVA and the receipt of Completion in my hands? Thank you for you time in helping people like me...very kind of you...
Top

Foggy

User avatar
Posts: 33395
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Wed Oct 25, 2017 5:27 pm
Quote
There will be a final review after the last payment to check the income during the final year and you will have to provide evidence as requested by the IP.
After the last payment any overtime etc is yours but windfalls, inheritances etc. are payable in until the CC is issued.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top

Fran.22

User avatar
Posts: 8
Joined: Thu Apr 23, 2015 2:08 am
Post by Fran.22 » Tue Oct 31, 2017 9:50 pm
Quote
Foggy wrote:
There will be a final review after the last payment to check the income during the final year and you will have to provide evidence as requested by the IP.
After the last payment any overtime etc is yours but windfalls, inheritances etc. are payable in until the CC is issued.
Thank you Foggy...very helpful...as always :)
Top

luluj

User avatar
Forum Expert
Posts: 11333
Joined: Sun Dec 09, 2007 6:54 am
Location: United Kingdom
Post by luluj » Wed Nov 01, 2017 1:31 am
Quote
So close ... you can really.start to think about life after iva - ensure you give yourself a treat at the end of it ...well done!
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
Top

Dawndc28

User avatar
Posts: 67
Joined: Tue Jul 07, 2015 11:15 am
Post by Dawndc28 » Wed Nov 01, 2017 8:20 am
Quote
I am also at this stage of IVA - I have been told that I will have a final review in March 4 months prior to final payment to check for extra income then if any is identified I have been told that my last few payments will increase to allow this to be paid over . They want payslips and p60. So close :)
Top
Post Reply
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”