I have made my final 60th payment and have cancelled my direct debit, I haven't heard anything from Grant Thornton until a few days ago stating that I was in breach of my agreement and that if I didn't submit my expenditure within 28 days then my IVA would be terminated. I have earned quite a bit more salary this year and I am afraid they will want a hefty sum off me even though I still struggle to make ends meet. What should I do? How long can this agreement last for?? Do they have my soul in their hands, because that's what it feels like!
I assume you spoke to GT before cancelling your direct debit and made sure it was the right thing to do. If not there could be equity extensions or a final review top carry out. If you made more money last year there could be money owing to the IVA so you need to contact GT.
If you haven't had the completion certificate and a review date approaches they are obliged to carry out the review (albeit a shortened version). If you HAVE had the completion certificate this is likely to be an error.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014