Can IVA be re-opened after completion?

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jon.ll
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by jon.ll » Tue Jan 16, 2018 12:03 pm
Once you have Completed an IVA and got your certification and removed from the Insolvency register, Can the IVA be re opened at a Later date?

When i read certain topics on this forum , its nearly always mentioned that once you have got your certification and removed from the insolvency Register , The IVA has ended.
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Foggy
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by Foggy » Tue Jan 16, 2018 12:08 pm
After all is done and dusted the IVA is closed. However the "account" can remain open so that future PPI can still be processed and distributed to creditors. Also, in the event of fraud or some other serious anomoly being discovered the IVA can, in extreme cases, be referred to the court to be made active again, or even revoked. But,for all intents and purposes, from your point of view, it is gone and dealt with.
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jon.ll
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by jon.ll » Tue Jan 16, 2018 12:17 pm
Foggy wrote:
After all is done and dusted the IVA is closed. However the "account" can remain open so that future PPI can still be processed and distributed to creditors. Also, in the event of fraud or some other serious anomoly being discovered the IVA can, in extreme cases, be referred to the court to be made active again, or even revoked. But,for all intents and purposes, from your point of view, it is gone and dealt with.

Hi Foggy

Thanks for this clarification , it was actually yourself and another Insolvency expert that kept seeing "its ended".
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