Total debt payed in full from inheritance last year. Now told I am in serious arrears ?

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steven mills

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Post by steven mills » Sun Oct 12, 2014 1:33 pm
i started an iva in dec 2012,£29,500.the following year i got an inheritance and i instructed my solicitor to deal with my iva,she was informed that the total debt to clear it would be £36,700 in which she paid in full.i heard nothing until a few weeks ago with a letter saying that i have stopped my monthly payments and am in serious arrears and my iva can fail,i also know that my debts to whom i owed money too still havent been paid,what have they been doing with my money,and they also insist i sign ppi forms to try and recover more money,is this normal???????thank you.
 
 

Foggy

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Post by Foggy » Sun Oct 12, 2014 1:37 pm
I would imagine there has been some error here. Check with your IP.

Which firm were you with ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

steven mills

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Post by steven mills » Sun Oct 12, 2014 2:11 pm
dfd, on the variation report i have just received,all the money in and money out are printed and at the bottom of page its TOTAL BALANCE IN BANK ?????? A FEW HUNDERD POUND,DOES THAT MEAN THEY OWE ME MONEY???
 
 

Til

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Post by Til » Sun Oct 12, 2014 2:21 pm
we just had a variation report from DFD and on it it listed a section called "distributions" which is payments already made to your creditors.

We also had a section called "Balance at Bank" and this is what DFD are still holding to disperse or use.

Lastly we had a section entitled "Refund to Debtor" and this was 0.00 as we are not owed any money back.

Hope this helps
"Hope is the feeling you have that the feeling you have isn't permanent." - Jean Kerr

IVA approved Aug 2008 - 6 year term - last payment made 6 Oct 2014. CC received 14 Nov 2014.
 
 

Adam Davies

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Post by Adam Davies » Mon Oct 13, 2014 9:13 am
Hi

It is possible if they have settled all debts and covered their fees

You need to chase for a completion certificate

Regards
Andam Davies
 
 

Shining

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Post by Shining » Mon Oct 13, 2014 9:22 am
admin error? but a worrying one, get on to them today and ask where is that certificate of completion assuming it's not been received.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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