What happens at the end of an IVA ?

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cherry545

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Post by cherry545 » Mon Jul 25, 2016 6:27 am
Hi my IVA Is due to finish in March 2017. Can someone advise what happens at the end? Do I have to submit I&e, payslips etc.
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kallis3

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Post by kallis3 » Mon Jul 25, 2016 8:00 am
Hi,

It depends on your company as to what happens - some do a review but others don't

Once you have made your final payment then you just have to wait for your completion letter. Your company should tell you to cancel your DD after that payment.
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Lisa Thomas

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Post by Lisa Thomas » Mon Jul 25, 2016 9:44 am
Usually your IP would chck you last year's worth of income to see whether you have any further funds to pay over in respect of bonuses or overtime etc. They may ask to you sign an assignment document in respect of any PPI claims, if this has not been dealt with.

Once you get your CC and come off the register you can begin to tidy up your credit record assuming 6 years has passed since your IVA started.
Last edited by Lisa Thomas on Mon Jul 25, 2016 9:45 am, edited 1 time in total.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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