www.iva.co.uk

As some of you will know my F&F IVA was accepted at the end of August. Since I had allready arranged the new mortgage offer this was completed by the Middle of September and the funds were transfered over to GT. Since then I have being calling them every 2-3 weeks to find out how long it will take to complete the IVA. They told me about a month ago that they had received all the claims and the cheques just had to be sent out and the account closed. I called them about 2 weeks ago and was told the same thing. I have just called them again and still being told the same thing. How long should it take to close a IVA once all the funds have been received ? GT were good to start of but now I feel that I am just a number and they are no longer in a rush to close the account.

Hi
Mine took just over three months,you need to be a wasp in their ear and contact them on a weekly basis,take names and quote back what they said to you next time you phone.
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

I suppose we have all that to come now.

Our F&F creditors meeting was held on 17th September. We moved on 10 October and we wrote to our IP letting them know of our new address towards the end of October. We got their acknowledgement and Completion Certificate a few days later, so it took just under 2 months.

It took mine 3 months and they kept blaming our creditors!

I don't understand IP firms who do not have creditor claims agreed before they put forward variations. How on earth do they expect to offer a final dividend if they don't know how much they are paying out. If you have done the work prior to the meeting, you ought to be able to do a combined Chairman's and final report within 4 days of the meeting.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

So how long should it take from IVA been approved to completion ? Bear in mind that the funds from the remortageage were in their bank account two week after the IVA was approved. Its the fact that they dont seem in a rush to complete. I know I must be one of many but surely it would be better to get me of the books now its all finished or am I missing something ?

I sooooooo can't wait to be dealing with this problem.... Sorry whichwaynow, I didn't know you'd completed, belated congratulations and best of luck with getting it all closed up and properly ended.

Best regards

Martin

There are no hard and fast rules unfortunately, but I would always have everything finalised before calling the meeting. I am not saying that that is the right answer, just one that works for me.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp