Hi Josh, in short - NO. But some can as it will depend on any arrears, PPI and the IVA firm agreeing creditor claims.
I'm at the same stage as you. I have paid my last payment and my IVA firm will now send requests to the creditors to agree claims. This can take 28 days and then a further period if they still have not had claims submitted!. I was told it would be in the New Year but I will chase up to make sure things are progressing. I just want my completion certificate. Has your firm explained why 6 months?
Last edited by winter_blues on Tue Nov 17, 2015 9:40 am, edited 1 time in total.
We have made our last payment, but have received a notice of extension as one of our creditors cannot find any trace of the account. The notice says it can be extended for up to 6 months, but the caseworker say's not to worry about that as the creditor has 28 days to find the account. If they can't find the account now after 5 years of being in the IVA, I don't see what difference another 28 days will make
Hoping that it should all be finalised at the end of this month.
Last edited by Helen.k on Tue Nov 17, 2015 1:14 pm, edited 1 time in total.
getting there ....
Got there!!
IVA started 27/10/2010
final payment 27/10/2015
CC received 6/5/16
Off the register 5/8/16
I think 6 months is ridiculous however it is just about the maximum that governing bodies allow before they deem it to be unreasonable and consider complaints against IPs for taking longer than this. Keep pressure on your IP to close quickly.
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Helen.k
We have made our last payment, but have received a notice of extension as one of our creditors cannot find any trace of the account. The notice says it can be extended for up to 6 months, but the caseworker say's not to worry about that as the creditor has 28 days to find the account. If they can't find the account now after 5 years of being in the IVA, I don't see what difference another 28 days will make
Hoping that it should all be finalised at the end of this month.
By law your IP has to send formal notice to the creditor to send their claim in although it sounds like they probably still won't claim. Even if they did it won't affect you, it just means the dividend will be reduced accordingly between all creditors.
