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Posted: Fri Mar 18, 2011 11:57 pm
by Frank.de
what is the procedure after i have paid the full and final settlement on my iva
Posted: Sat Mar 19, 2011 12:09 am
by Broke of London
Hi Frank and welcome! I don't know from experience but speak to your case manager on Monday and ask what happens next. Congratulations on getting to the end xx
Posted: Sat Mar 19, 2011 7:39 am
by kallis3
Hi Frank and welcome from me as well.
Now that you have made your full and final payment, assuming it has been accepted, then you have to wait whilst your IP closes your case and then you will be issued with a completion letter.
Once the case is closed, your name will disappear from the Insolvency Register and you then need to check your credit record to see if any defaults have been registered post IVA acceptance. If they have, contact those creditors and tell them to remove the defaults.
Your IVA will remain on your record for the full six years though.
Posted: Sat Mar 19, 2011 8:33 am
by wonderwoman
frank, are you like me and think that something else will jump from out of the wood work and put a dampner on the excitment of paying your last payment...[:(]
Posted: Sat Mar 19, 2011 8:42 am
by kallis3
I think Frank has made his payment - sounds as though he was able to settle early - lucky thing!
Posted: Sat Mar 19, 2011 8:49 am
by Broke of London
No luck on the lottery here either! Next week feels lucky!!
Posted: Sat Mar 19, 2011 8:53 am
by kallis3
Nor me!