What is legal value of completion notice ?

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Adrian.86

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Post by Adrian.86 » Sun Aug 14, 2016 2:15 pm
Hi everyone hope you all good received my completion notice 2 weeks ago thinking of putting money (20000) into my mortgage account after borrowing from my brother would that b ok or creditors can still come back and ask for some money

What is the legal value of completion notice ???
 
 

ginger323232

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Post by ginger323232 » Sun Aug 14, 2016 2:20 pm
It means you IVA is fully completed and any unpaid debt entered in the IVA is written off. No creditors within the IVA are able to demand further payment for debt entered into the IVA.
 
 

kallis3

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Post by kallis3 » Sun Aug 14, 2016 2:36 pm
As ginger says, your debts have been written off and no creditors can come after you.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Foggy

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Post by Foggy » Sun Aug 14, 2016 2:43 pm
The completion notice is, if you like, written proof that you have successfully completed the IVA and that the debts within it are now satisfied and no creditor can come to you for any extra payment. Although it is a rather uninspiring bit of paper it is an important one. Do not lose it.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Adnan07535

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Post by Adnan07535 » Sun Aug 14, 2016 4:23 pm
Ok thanks for that guys i really appreciate that
 
 

Lisa Thomas

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Post by Lisa Thomas » Mon Aug 15, 2016 10:41 am
Take care that you are not starting to get into debt again by borrowing £2k from your brother straight after finishing your IVA.
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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