Should I be worried about variation meeting after finishing IVA after 6 + years

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Craig.p

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Post by Craig.p » Sat Mar 18, 2017 10:32 am
Hi my iva finished on 01/01/2017 after 6 and half years I received a letter today saying they are calling a variation meeting in two weeks shoul I be worried about this or is it just formality thanks

Foggy

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Post by Foggy » Sat Mar 18, 2017 11:12 am
Do they explain what the variation meeting is for ? Might I ask why the IVA has run for 6 and a half years ? Have there been any irregularities that need addressing ?
Normaly, when an IVA reaches it's projected conclusion it is simply closed ... no variation required as this would all be incorporated into the original terms.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Michael Peoples

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Post by Michael Peoples » Mon Mar 20, 2017 8:56 am
You need to agree to the terms of any variation so it should be explained to you what it actually entails. Has the IP advised you?
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com

Lisa Thomas

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Post by Lisa Thomas » Wed Mar 22, 2017 1:13 pm
What is the meeting for - it should state that in the letter.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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