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when creditors accept a full and final settlement offer and final dividend is dispersed to creditors and ip's fees taken what happens to the balance in hand held by the ip

It's the other way round really.

After costs (ie IP's fees etc) all monies are distributed to creditors, so there won't be anything left at the end.

Unless you have paid over too much money, and then the balance is returned to you.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

thanks melanie for your reply
my ip estimated a full and final settlement based on his costs and dividend per proposal. sent in full amount. creditors accepted at original 28p. one creditor excluded from final distribution as they failed to reply. with this and ip overestimating final lump sum there is a cash balnce in hand of about £3500. Does this get returned or are there any more costs at final completion

Best to ask your IP for a completion statement, but the money should be returned to you asap.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk