Ending in Nov but they want a review

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Ricky.01

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Post by Ricky.01 » Thu Sep 15, 2016 4:29 pm
Hi
the end is finally in sight or as I thought. I had a review at year five extending it (couldn't release equity in my house)then again late May confirming everything saying my last payment was to be November and everything would be signed off. Now today I've received an annual review letter demanding all the usual stuff within 60 days of the anniversary. I've emailed them back asking why, but I don't see why I should submit anything as the agreement will have come to an end, on top of the fact the last assessment was in May/ June.
Any thoughts?
 
 

Michael Peoples

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Post by Michael Peoples » Thu Sep 15, 2016 5:03 pm
It is likely the IP wants to ensure that any overtime etc has been paid but it is also possible that this is just an error. A final review does need to be done but it is quite straightforward.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
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If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

kallis3

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Post by kallis3 » Thu Sep 15, 2016 5:36 pm
Agree with Michael - most companies will do a final review. Nothing to worry about.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
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Ricky.01

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Post by Ricky.01 » Thu Sep 15, 2016 6:03 pm
I'm salaried in the public sector (no overtime and a 1% rise in the last 7 years) and the last review was only three months ago, beyond payslips saying exactly the same thing as the last ones its a waste of my time and effort. especially when my last correspondence said there was no more review and my payments ended in November. on principle beyond the payslips I object massively to it
 
 

Foggy

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Post by Foggy » Thu Sep 15, 2016 6:08 pm
Object you might -- but, if they want it, they will have it ! My lot merely told my creditors that a review would be exactly the same as the last one so there was no point in repeating it. Same as you public sector, no rises save the 1% yet inflation took care of that fourfold !
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Lisa Thomas

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Post by Lisa Thomas » Fri Sep 16, 2016 12:47 pm
You need to cooperate or not only are you delaying closure you are in breach of your terms and the IVA could fail as a result! If you sent them everything up until the last 3 months then send them the last 3 months and remind them that they've already had the earlier information.
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
 
 

kallis3

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Post by kallis3 » Fri Sep 16, 2016 1:43 pm
I agree that you have to co-operate. Once that is done then closure will follow. I can't see the problem if nothing has changed.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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