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Posted: Fri Feb 22, 2013 3:57 pm
by creakyspice
Is there a required time between IVA failing and IP issuing Certificate of failure? The IVA has beenfailed for 4 months but have not received certificate.
Posted: Fri Feb 22, 2013 4:05 pm
by Shining
Hi, not sure of the answer to this but we have some experts who will be able to answer so will bump this up.
Posted: Fri Feb 22, 2013 4:23 pm
by Michael Peoples
The certificate should be issued once the IVA has officially failed. Your IP may have to get approval from creditors first and may also have to wait for three payments to be missed before they can start the failure proceedings.
Posted: Sat Feb 23, 2013 9:07 pm
by creakyspice
Thank you Michael. 6 payments have been missed. they wrote to say they were going to fail it months ago. I rang to see what the hold up was and they said it takes 6 weeks to produce final accounts but its been weeks since that phone call. Just wondered if there was a rule on length of time between them saying they were failing it and sending out the certificate of failure. I feel in limbo.
Posted: Mon Feb 25, 2013 9:51 am
by TheArtist
Seems to be just as bad administration with the issue of failure certificates as completion certificates. Oh dear what a sorry lot they are.
Posted: Mon Feb 25, 2013 3:40 pm
by creakyspice
certificate arrived today! Thanks for support guys
Posted: Mon Feb 25, 2013 3:59 pm
by Foggy
Well done Creaky [:D]