Creditor Refund ?

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cowpie

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Post by cowpie » Tue Jul 21, 2020 2:47 pm
Hi

I have just been chasing my completion certificate and was told that "There’s currently a outstanding creditor refund that I need to resolve before I can send your completion documents"

Can anyone shed any light on this ? Does it mean I am owed money or my practitioner ?

Thanks in advance

Foggy

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Post by Foggy » Tue Jul 21, 2020 3:12 pm
Often this is where a creditor has been overpaid, for various reasons, and the IP has to get this back and will usually re-distribute this between other creditors. Sometimes there is money to be refunded to the debtor, but it will depend on the circumstances of the refund.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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T9UPS

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Post by T9UPS » Tue Jul 21, 2020 9:07 pm
Can I just ask how long you have waited as I still haven’t received my completion statement after 3 months? I sent an email chasing but heard nothing back .

kallis3

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Post by kallis3 » Wed Jul 22, 2020 9:24 am
It can take up to six months depending on your company.
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.
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cowpie

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Post by cowpie » Wed Jul 22, 2020 5:19 pm
Tue Jul 21, 2020 9:07 pmT9UPS wrote:
Can I just ask how long you have waited as I still haven’t received my completion statement after 3 months? I sent an email chasing but heard nothing back .
I've only been waiting for 2 months
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