Accepted Variation

[disappointed]

Grant Thornton has now sent a letter "Accepted Variation", they now want us to sign a form to accept a resolution that has been accepted to closure. the duration of this arrangement be extended by 18 months?
This was signed by Kelly Sands. The problem we have is that we do not understand what this now means/ Does it mean that although our payments finished over a year ago, but they now want more money from us?Or to start the repayments for another 18 months?

Can any of the experts on here please help us as we are at a loss to understand this latest information from Grant Thorntons?

[Niobe]

I've no idea on this one - does sound a bit odd though if you have made your final payment.

You do need to speak to GT asap to ask them to explain this.

Hopefully one of the experts will be able to advise further.

[luluj]

Like Niobe my advice is really to pick the phone up and seek their explanation on this so that you have a definitive answer to your questions and can see the way forward...let us know the outcome please.

[Foggy]

I would imagine they are seeking to extend the time allowed for closure, assuming you have not had your completion certificate yet. This, presumably will be to allow them to conduct PPI investigations.

I hope I am wrong !!!

[Niobe]

An extra 18 months is a long time for closure - I do hope that's not the case.

[Tina Shortland]

Hi disappointed - I am not sure what this - are you sure it hasn't been sent to you by mistake? Either way get clarification asap from GT and only accept their explanation when you fully understand it and know why it is has happened. Challenge it if you don't agree.

Keep us posted so we can all understand it too!

[allancsn]

Check the Chairman's Report of the meeting. It lists those who voted and any modifications they put forward.

[disappointed]

Well now as it's thirteen months since the final payment and we have declined the sharing of our information to the PPI investigations, I'm just at a loss to understand what Grant Thornton is now up to? It reminds me of WW11 and the undercover operations of the SS against the poor Jewish community in Germany.

[Foggy]

I fear it's getting more like 'Allo, 'Allo

[Grant Thornton]

Good morning Disappointed,

Thank you for your post above.

Please contact us in order that we may clarify the terms of the approved variation. We have a team here who specialise in this work and we are here to answer your queries and help you understand anything that you are not sure of.

Please Call our Variation Team on 0845 279 7233 and we will be happy to assist you.

Kind regards

Grant Thornton

[disappointed]

Thanks very much. I just rang Grant Thornton Customer services 08448552166 and did speak to Kelly Sands, who has reassured me about our worry. She said that the 18 month is from our last payment so that means that our closure certificate WILL arrive in to our hands in DECEMBER 2012. OR even earlier if Grant Thornton can process it quicker. Well! Thank you all for your help on this great site. We will be keeping you up to date on all the latest information that we receive from Kelly Sands and Grant Thornton, and of course Mark Allen our supervisor, to name but a few.

[Adam Davies]

Hi

Glad you have made some progress, mind you 18 months from when you made your final payment does seem a bit extreme.

Good luck

Regards

[Skippy]

I agree Andy - I don't understand why it should take that long.

[disappointed]

Ha ha ha! I agree with you on that! I'm just glad they are not dealing with anything legally important, as the delay could be catastrophic? Just imagine that Grant Thornton was a company looking after and helping people with IVA, the massive backlog and endless delays would put debtors and creditors off using them!!

[Shining]

All too often we are hearing of delayed closures and as a person in an IVA it's just not fair. Why can some companies close in a timely manner and others take months if not over a year??