Since my last post I've had some wonderful news which I'd like to share with you all. Last Thursday my partners IP contacted him to say that he'd investigated my partner’s claims that other IP's were closing IVA's prior to receiving any refunds of VAT from HMRC. He therefore investigated a number of...

I thought I'd let you all know the results of my partner's telephone call to the IP office this morning. The IP refuses to close his IVA until the refund of VAT on IP's fees is reclaimed from HMRC. The reason was that their compliance dept has told them NOT to. No time estimates for this to happen a...

Paul, I really hope you are right! My partner will speak to the IP tomorrow and hopefully I can give you all an answer then!

Foggy, thank you so much for your post. The thing is the IP wrote to my partner less than two weeks ago stating that once the funds had been received and distributed to the creditors he would anticipate finalizing the IVA within 21 days. The argument about intent must be wrong as he must have been a...

My partner knows quite a lot about SC's and told me that it all depends on the level of SC required for the job. If an enhanced level SC is required it may be that the SC could be problematic due to debt. It all depends on the amount of debt, why it was incurred and how long that it had been going o...

Mel, thank you so much for putting your viewpoint. I understand about the court ruling but what I don't understand is why did my partners IP allow me to make a F&F offer having known (or reasonably ought to have known) that he couldn't or wasn't able to progress closure of the IVA early. AFAIK contr...

Any IP's

I'm quite happy to name the firm but would rather wait until I've heard from Mel or another IP first if you don't mind. PS! please don't be offended by this reply?

My partner has had an IVA for the past 4 1/2 years and I've been making more than my fair share of contributions to help him service the IVA. I recently was in a position to make a F&F offer to end his IVA early. The IP put the F&F variation to the creditors at a creditors meeting in which my partne...