natasha484 wrote:But if the debts are written off after a 6 year period, how do companies have a record of what is still owed to them? My Iva completed 5 years ago meaning a company has to have my records on file for 11years so far
Companies have to keep records by law. They will keep them for as long as the account is operating plus at least 6 or 7 years after the account ceases, which, in an IVA, is when the IVA completes.
natasha484 wrote:But prior to the court case last year companies thought Iva’s had completed once you had your certificate?
No they didn't -- it has always been the case, since PPI, reared it's head that the refunds belonged to the IVA even after completion. The case came about because a debtor thought differently and the IP defended his position and won.
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