Certificates of Completion

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Foggy

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Post by Foggy » Fri Jan 10, 2020 9:23 pm
We have had a few instances recently where members have 'discovered' that they had completed their IVAs accidentally ---- not realising the fabled Certificate of Completion had been sent to them.

We hear 'Certificate of Completion' and expect an impressive, frameable, parchment announcing our success. What we actually get is a paragraph on a non-descript piece of paper, just saying something along these lines:

I, xxxxxxx of xxxxxxxxx, Chartered Accountant, the Supervisor of the aforementioned voluntary arrangements give notice pursuant to Rule 5.34(2) of the Insolvency Rules 1986 that my duties are complete and that the arrangements have been fully implemented.
xxxxxxxx
Dated this xxxxxxxx

Supervisor


IP's also sometimes call it a Notice of Completion, or Certificate / Notice of Compliance and variations thereof.

It is usually accompanied by final accounts (who has been paid what and what fees have been drawn etc.) and could easily be overlooked in the wad of paper.

So --- if you are waiting for a certificate (and remember it could take up to 6 months to materialise ) do check everything your IP sends post that last payment for that all important but totally unimpressive paragraph !!!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

luluj

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Post by luluj » Sat Jan 11, 2020 6:51 am
Good advice from Foggy - I remember waiting for a good looking certificate as stumbled across ours in the midst of an email ....

In the adrenalin if receiving your final review etc ... just check it all out ...
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

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Marty171

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Post by Marty171 » Sat Jan 11, 2020 7:17 am
Good advice Foggy,

Wish i knew this earlier :lol:
IVA Started 07/07/2017
F & F Accepted 06/09/2019
Completion Certificate 16/12/2019

kallis3

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Post by kallis3 » Sat Jan 11, 2020 10:02 am
Make sure you keep it somewhere safe.
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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