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Posted: Sun Aug 14, 2016 2:15 pm
by Adrian.86
Hi everyone hope you all good received my completion notice 2 weeks ago thinking of putting money (20000) into my mortgage account after borrowing from my brother would that b ok or creditors can still come back and ask for some money
What is the legal value of completion notice ???
Posted: Sun Aug 14, 2016 2:20 pm
by ginger323232
It means you IVA is fully completed and any unpaid debt entered in the IVA is written off. No creditors within the IVA are able to demand further payment for debt entered into the IVA.
Posted: Sun Aug 14, 2016 2:36 pm
by kallis3
As ginger says, your debts have been written off and no creditors can come after you.
Posted: Sun Aug 14, 2016 2:43 pm
by Foggy
The completion notice is, if you like, written proof that you have successfully completed the IVA and that the debts within it are now satisfied and no creditor can come to you for any extra payment. Although it is a rather uninspiring bit of paper it is an important one. Do not lose it.
Posted: Sun Aug 14, 2016 4:23 pm
by Adnan07535
Ok thanks for that guys i really appreciate that
Posted: Mon Aug 15, 2016 10:41 am
by Lisa Thomas
Take care that you are not starting to get into debt again by borrowing £2k from your brother straight after finishing your IVA.