Is there a required time between IVA failing and IP issuing Certificate of failure ?

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creakyspice

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Post by creakyspice » Fri Feb 22, 2013 3:57 pm
Is there a required time between IVA failing and IP issuing Certificate of failure? The IVA has beenfailed for 4 months but have not received certificate.
 
 

Shining

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Post by Shining » Fri Feb 22, 2013 4:05 pm
Hi, not sure of the answer to this but we have some experts who will be able to answer so will bump this up.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

Michael Peoples

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Post by Michael Peoples » Fri Feb 22, 2013 4:23 pm
The certificate should be issued once the IVA has officially failed. Your IP may have to get approval from creditors first and may also have to wait for three payments to be missed before they can start the failure proceedings.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

creakyspice

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Post by creakyspice » Sat Feb 23, 2013 9:07 pm
Thank you Michael. 6 payments have been missed. they wrote to say they were going to fail it months ago. I rang to see what the hold up was and they said it takes 6 weeks to produce final accounts but its been weeks since that phone call. Just wondered if there was a rule on length of time between them saying they were failing it and sending out the certificate of failure. I feel in limbo.
 
 

TheArtist

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Post by TheArtist » Mon Feb 25, 2013 9:51 am
Seems to be just as bad administration with the issue of failure certificates as completion certificates. Oh dear what a sorry lot they are.
Completed IVA - August 2012 pheeeeeeeeeew
Only my opinion - Nothing More Nothing Less
 
 

creakyspice

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Post by creakyspice » Mon Feb 25, 2013 3:40 pm
certificate arrived today! Thanks for support guys
 
 

Foggy

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Post by Foggy » Mon Feb 25, 2013 3:59 pm
Well done Creaky [:D]
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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