How long to close an IVA ?

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KNormington

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Post by KNormington » Tue Feb 08, 2011 11:43 am
Hiya all.

I wondering if anyone can help >?

In March last year we had our Full and Final offer accepted by creditors, Grant Thornton (IP) stated that they will takew approx 3 mths to close down and issue documents etc etc.

In September i contacted them asking what was going on and told that there was an "issue" and that the final payments has some issues and they were being recalled. Ok i thought i will leave it another mth or 2

In November i was told the same story with regards to the payments and told to "bear with us"

It is now Feb and nearly a year later im being told the same issue exists. This is compounded by the fact in Sept 10 i undertook working for a charity, the charaties commission has now contacted me asking for my immediate resignation as im still in an IVA - i have sent all docs involving the final meeting but fear they are after the "closure cert?"

Can anyone help suggest a way that i can get help to stick a rocket up the backside of Grant Thornton who lets face it have sat on this for the best part of a year and are no further forward to clearing this down.

Thanks all
 
 

kallis3

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Post by kallis3 » Tue Feb 08, 2011 11:49 am
Hi,

This isn't good news at all. It should have been finished long before now. What are the issues? They should let you know what the problems are.

I imagine that the charities commission are waiting for the closure certificate.

Keep badgering GT and insist on speaking to IP to find out what on earth is going on.
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
 
 

liamjames

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Post by liamjames » Tue Feb 08, 2011 11:54 am
Hi KNormington,

That's an awfully long time to be waiting for a completion. Perhaps they are waiting for final dividends to clear?

A manager should be able to explain exactly what the issue is- once you know then we'll be able to advise further. I'd make a nuisance of yourself though.
Take care,

Liam James
Varden Nuttall
http://www.vardennuttall.co.uk

Read our reviews here: http://www.iva.com/iva_companies/Varden_Nuttall.asp
 
 

St75

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Post by St75 » Tue Feb 08, 2011 12:55 pm
Are you not allowed to work for a charity if your in an IVA. The organisation that i work for is a homeless charity, but I haven't received anything from the Charities Commission.
regards
st75

Started lump sum IVA in Aug 2010 - received certificate of completion April 2011, thanks to Melanie & team
 
 

nepensioner

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Post by nepensioner » Tue Feb 08, 2011 1:05 pm
I do voluntary work too for a charity, and wasn't aware of this.
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kallis3

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Post by kallis3 » Tue Feb 08, 2011 1:12 pm
Perhaps it depends on what you do at the charity? I've no idea.
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
 
 

MelanieGiles

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Post by MelanieGiles » Wed Feb 09, 2011 12:09 am
This is not up to GT's usual excellent service, and there must be a problem in the system for it to be taking so long. I know those guys in Belfast very well, so if there is any way I can help please let me do so. It is quite likely that the decision makers are not aware of the effect this delay is having on your new job.
Regards, Melanie Giles, Insolvency Practitioner
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