I paid my last payment in February and was awaiting my completion certificate only to be told today that Varden Nuttall have gone into administration. What does this mean for me? I hope the last 5 years of payment are for nothing? Any advice?
The firm is currently being run by administrators who will seek to transfer the case load to another IP as soon as possible. Hopefully you should hear something soon.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
It might cause a delay with your case as your IP firm has become insolvent and the cases will be either dealt with by the Administrators direct or sold to another firm of IPs to deal with.
Suggest you contact the Administrators to see if they can give you an update on what will happen with your case.
(Paul Boyle & Tom Bowes of Harrisons Business Recovery and Insolvency Limited and Ben Woolrych & Phil Pierce of FRP Advisory LLP)