12 payments made

Get expert opinion. This is the place for new questions to be posted.
45 posts Page 1 of 3
 
 

Rickne

User avatar
Posts: 235
Joined: Tue Mar 11, 2014 4:13 pm
Location: United Kingdom

Post by Rickne » Mon Apr 20, 2015 2:56 pm
So when do I get a letter about a review then ? :D

Credifix.
Completed via Early exit loan on year 4
 
 

esgt1967

User avatar
Posts: 215
Joined: Mon Oct 15, 2012 11:33 am
Location: United Kingdom

Post by esgt1967 » Mon Apr 20, 2015 3:01 pm
Hi, I believe the deadline for the annual review is 2 months after the anniversary of your IVA so, if for example, your IVA was approved on 1st January your review would have to be completed by 1st March. If you have made 12 payments I would expect the review documents to be issued any day now.
 
 

lifenoteasy

User avatar
Posts: 3248
Joined: Thu Feb 05, 2015 2:26 pm
Location: United Kingdom

Post by lifenoteasy » Mon Apr 20, 2015 3:01 pm
Did you go through them directly or were you transferred from another company?
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

Rickne

User avatar
Posts: 235
Joined: Tue Mar 11, 2014 4:13 pm
Location: United Kingdom

Post by Rickne » Mon Apr 20, 2015 3:04 pm
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by lifenoteasy

Did you go through them directly or were you transferred from another company?

Transferred via PJG
Completed via Early exit loan on year 4
 
 

lifenoteasy

User avatar
Posts: 3248
Joined: Thu Feb 05, 2015 2:26 pm
Location: United Kingdom

Post by lifenoteasy » Mon Apr 20, 2015 3:05 pm
They are behind with a lot of us in the same situation.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

Rickne

User avatar
Posts: 235
Joined: Tue Mar 11, 2014 4:13 pm
Location: United Kingdom

Post by Rickne » Mon Apr 20, 2015 3:07 pm
Oh well , sure they'll get round to me eventually then. But yay ..1 year down :D
Completed via Early exit loan on year 4
 
 

Rickne

User avatar
Posts: 235
Joined: Tue Mar 11, 2014 4:13 pm
Location: United Kingdom

Post by Rickne » Fri May 08, 2015 2:11 am
almost month 13 and still no news of a review. :/
Completed via Early exit loan on year 4
 
 

MrsR

User avatar
Posts: 1201
Joined: Mon Oct 31, 2011 9:30 pm
Location: United Kingdom

Post by MrsR » Fri May 08, 2015 7:01 am
I would give them a call or email, and ask for the income/expenditure template that you can complete. I would then get it done and sent in to them.
I would not however send in any bank statements or payslips etc.

Although you have not heard from them and they do get paid for carrying out these reviews 'regularly', it's also down to you to provide these detail every year, so better to get it done rather than not.
Started IVA 27th Feb 2012 - Due to complete 27th Jan 2018 !!

Full & Final submitted and accepted 30th March 2015, paid 10th April 2015 - 3 yrs 1 month into IVA :)

Completion Certificate received- 30th April 2015!!
 
 

Foggy

User avatar
Posts: 33396
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Fri May 08, 2015 7:42 am
As said, better tyo give them an email -- then, if anything goes wrong later you can demonstrate that the fault is not yours.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

recovering

User avatar
Posts: 1623
Joined: Mon Sep 26, 2011 8:27 pm
Location: United Kingdom

Post by recovering » Fri May 08, 2015 2:53 pm
I had annual report before review! review was over 2 months late when I was asked to fill in I&E I Sent it off 2 weeks ago and am still awaiting a response
 
 

recovering

User avatar
Posts: 1623
Joined: Mon Sep 26, 2011 8:27 pm
Location: United Kingdom

Post by recovering » Fri May 08, 2015 2:54 pm
It is no over 3 months since the date of anniversary
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:

Post by Michael Peoples » Fri May 08, 2015 3:45 pm
The annual review should be done within two months of the anniversary or the regulators may have something to say if they come across the file in an inspection.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

lifenoteasy

User avatar
Posts: 3248
Joined: Thu Feb 05, 2015 2:26 pm
Location: United Kingdom

Post by lifenoteasy » Fri May 08, 2015 3:49 pm
For a lot of us they have sent out the annual report without having undertaking the review (and have ticked the box to say that no review has been done).

From what I can see money isnt being passed to creditor either at this stage.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

lifenoteasy

User avatar
Posts: 3248
Joined: Thu Feb 05, 2015 2:26 pm
Location: United Kingdom

Post by lifenoteasy » Fri May 08, 2015 3:55 pm
The review also states that it is protocol compliant so I will be holding them to s10(11) of the 2008 protocol if they decide that there has been an increase in income (can only be increased from the month after the review).

Strangely PJG always stated with immediate effect after a review.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

recovering

User avatar
Posts: 1623
Joined: Mon Sep 26, 2011 8:27 pm
Location: United Kingdom

Post by recovering » Fri May 08, 2015 4:16 pm
I just want to know what is happening
what if they increase my payments is that increase backdated? if they decrease is that backdated? I have made 3 payments since the date of anniversary including an uplift
45 posts Page 1 of 3
Return to “Ask IVA Forum and Industry experts”