certificate of completion

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Skippy

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Post by Skippy » Sun Aug 22, 2010 6:17 pm
I'd chase this up as 6 months seems a long time. Good luck x
 
 

Declan at DebtFreeDirect

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Post by Declan at DebtFreeDirect » Thu Sep 09, 2010 9:28 am
Hi All
Sorry, I didn’t pick this up earlier.
6 months is quite along time but it is essentially the "worst case scenario".

With regards issuing the COC - it can only be done once all creditors have submitted their final claims and we are at times at their mercy to send these through. We do chase and quite often most creditors will send their claims through in a timely manner but unfortunately some dont which causes the delays. Its is very annoying at times.

Traceman, if you wouldn’t mind sending me your details I will find out what is happening and will try and get this resolved for you as fast as I can.

Thanks
Declan Murray
Debt Advisor
Debt Free Direct - the UK's largest IVA provider.
http://www.debtfreedirect.co.uk/iva/
 
 

MelanieGiles

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Post by MelanieGiles » Sat Sep 11, 2010 1:48 pm
Just to clarify that IVA's formally come to an end once the timeline that they were set to run over has expired - so you don't need to wait for the certificate if the five years is up to avoid paying over windfalls.

That said - Certificates of Due Completion should be issued as soon as possible - and creditor claims should be agreed in the first year under best practice.

Declan - why don't you simply Rule 11.2 the delaying creditors during the first year of the IVA, and leave out any from dividend who don't respond?
Regards, Melanie Giles, Insolvency Practitioner
 
 

orange

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Post by orange » Sat Sep 11, 2010 5:23 pm
so if you have an extra year does it end at that time ?
completed july 2011
 
 

Shining

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Post by Shining » Sat Sep 11, 2010 5:29 pm
I am assuming so Orange, I hope so too x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

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Post by kallis3 » Sat Sep 11, 2010 5:39 pm
Mine states that in the event we cannot remortgage, the IVA will continue for a further twelve payments in lieu of the equity and then it will conclude.
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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.
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orange

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Post by orange » Sat Sep 11, 2010 6:35 pm
we have 11 payments and we are in our equity year
completed july 2011
 
 

kallis3

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Post by kallis3 » Sat Sep 11, 2010 6:42 pm
Something you will have to discuss with your IP orange.
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
 
 

orange

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Post by orange » Sat Sep 11, 2010 6:50 pm
i put that wrong we have 11 payments and we are in the 6th year this is due to no equity
completed july 2011
 
 

kallis3

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Post by kallis3 » Sat Sep 11, 2010 7:02 pm
It should finish after you have made that 11th payment.
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
 
 

Declan at DebtFreeDirect

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Post by Declan at DebtFreeDirect » Tue Sep 14, 2010 11:42 am
Hi All
Thank you for your note Mel regarding the certifcates been issued and amending the rule, it is something that I have passed on to the relevant more senior people here at DFD.

Thanks
Declan Murray
Debt Advisor
Debt Free Direct - the UK's largest IVA provider.
http://www.debtfreedirect.co.uk/iva/
 
 

traceman

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Post by traceman » Sat Sep 18, 2010 5:50 pm
have you received your certificate yet helen
 
 

kallis3

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Post by kallis3 » Sat Sep 18, 2010 5:55 pm
I don't think she has yet.
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
 
 

Shining

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Post by Shining » Sat Sep 18, 2010 6:01 pm
Not heard her shouting lol xx
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

Shining

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Post by Shining » Sun Sep 19, 2010 8:26 am
I agree you've been patient and fingers crossed Helen for the certificate to arrive before 29th September xx
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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