Disputed claim in final year of IVA

[henry.cs]

I am in the final year plus 1 of my IVA. A bank from long ago has popped up and say I owe money...I dispute. What claim do they have and what may happen.I disclosed all debt to my IP in sept 2005.

[Shining]

Hi Henry, I'm not sure of the answer to this one so we'll keep this bumped up for someone who does know to respond to. x

[liamjames]

Hi Henry!

Have you spoken to your IP? The bank must submit a claim and prove the balance at the date of the creditors' meeting. If they cannot do this, then your IP won't be able to include them.

I wouldn't worry about it until then- just tell your IP and let them take over. At worst if your bank can prove the debt then your IP may have to call a variation meeting, so you should keep in touch with your IP regularly to find out how they're getting on.

Best of luck and congratulations on being in your final year!

[MelanieGiles]

When did the creditor last contact you, and when did you last acknowlege this debt?

The creditor concerned may be statute barred from taking action against you if you have heard nothing during the last six years.