Get expert opinion. This is the place for new questions to be posted.
-
Tracey.1
- Posts: 7
- Joined: Mon Sep 19, 2011 7:15 pm
hi I completed my iva inclusive of administration on the 5th feb this year only to be told that even though iv finished and kept my side one of their clients has not told them how much money they require so I have to stay in my iva until they except the money is this right as im unable to get my life back in order due not knowing when this client will take their money surely they want it ....im very upset as Iv kept my side of it all and im still stuck with it on my file until further notice please help
-
MrsKnight
- Posts: 3225
- Joined: Thu Nov 13, 2008 12:52 pm
- Location: United Kingdom
Hi Tracey - your IVA will automatically drop off your credit file 6 years from the date you started. Then there will be the matter of checking your credit file to make sure all is well, hopefully your completion certificate will of arrived by then too.
Is this client one of your creditors? Your IP does have to wait for creditors to claim their money's in a IVA at each yearly review & I believe most do, but I'm not sure of the time scale they are given to claim at the end of the IVA.
Please hang on for other forum members to comment.
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
Lyns x
-
MrsKnight
- Posts: 3225
- Joined: Thu Nov 13, 2008 12:52 pm
- Location: United Kingdom
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
Lyns x
-
Struzzo39
- Posts: 1820
- Joined: Sun Jan 24, 2010 5:56 pm
- Location: United Kingdom
Hope you get sorted soon
Steven & Debbie
-
IVANotOverYet
- Posts: 172
- Joined: Sat Jul 28, 2012 5:49 pm
- Location: United Kingdom
Sorry to hear about the delay - you will get there eventually, but it is an awkward wait.
Just to clarify though - and sorry to say this - but your IVA will not drop off your file at the six year mark unless it has been removed from the Insolvency Register and the credit reference agencies have seen a copy of the completion certificate.
Until completion certificate received and greater than six years from date of acceptance conditions are both satisfied, it will remain on your file. Sorry!
IVA Completed!
Final payment made November 2011.
CoC received 12/10/12.
-
ivoriva
- Posts: 333
- Joined: Tue Apr 24, 2007 11:17 am
- Location:
I believe your IP should set a deadline for claims to be received after which the creditor is no longer entitled to a dividend. So might be worth asking your IP when they contacted the creditor to establish the claim and what deadline they have given them to respond.
Btw, I also believe the IVA will remain on your credit file until such time it is no longer marked as 'current' on the insolvency register and at least 6 years have passed since the IVA start date.
