www.iva.co.uk

We recently made the final payment on our IVA, and are waiting for it to be closed. We have been advised that, as we did not accept a change to the terms and conditions in 2014 to accept the 2014 protocol, the IVA will remain open until any and all outstanding matters in relation to PPI are dealt with. Does this mean that we cannot start to repair our credit etc, and will our names remain on the register? Is there a limit to how long the IVA can remain open?

A deed of assignment can be used to get around this.

I would complain and then complain to the insolvency service who have already stated that ppi by itself should not pose a problem in terms of closure.

Just to add that the 2014 version found at the .gov.uk site does not appear to include any reference to PPI -

https://www.gov.uk/government/.../IVA_p ... _final.doc

Additionally the following were involved in its development (and please note that the Insolvency Service would have considered the Freedom of Information implications behind releasing email addresses and either decided that this was not personal information or deemed it to be in the public interest to include within the published version):

Annex – membership

Representing IPs

R3 – Graham Rumney (grumney@r3.org.uk)
DEMSA – Melanie Taylor (Melanie.taylor@thinkmoney.com)
DRF – David Mond (dmond@hodgsons.co.uk)
Money Plus Group – Stephen Quinn (stephen.quinn@moneyplusgroup.co.uk)
Payplan – John Fairhurst (john.fairhurst@payplan.com)
Liberta – Liz Pywowarczuk (liz@liberta.uk.com)
CCCS – Jackie Westerman (jackiew@cccsva.co.uk)
ICAEW – Tracy Stanhope (tracy.stanhope@icaew.com)
IPA – David Kerr (dak@ipa.com)

Representing Creditors

BBA – Paul Ross (paul.ross@bba.org.uk)
Bank of America – Brian Jackson (brian.jackson@bankofamerica.com)
Cooperative Bank – Peter Wharton (peter.wharton@cfs.coop)
Max Recovery – Christopher de la Salle (cdelasalle@jpmorgan.com)
Lowell Group – Nick Gaunt (nick.gaunt@lowellgroup.co.uk)
Grant Thornton – Michael Peacock (michael.peacock@gtuk.com)
TDX – Martin Prigent (martin.prigent@tdxgroup.com)
HMRC – Sid Mepstead (sid.mepstead@hmrc.gsi.gov.uk)

Representing Consumers

MAT – Meg Van Rooyen (meg.vanrooyen@nationaldebtline.co.uk)
Citizens Advice – Helen McCarthy (helen.mccarthy@citizensadvice.org.uk)
FCA – David Philpott (david.philpott@fca.org.uk)

I agree. You do not need to sign the 2014 protocol to have your IVA closed down. A deed of assignment is perfectly fine so tell your IP you want the file closed or else you will complain.

This normally has the desired effect.