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orange

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Post by orange » Sun Aug 22, 2010 5:34 pm
hy in our last year of iva and posted our review today .does anyone think there will be another review.the final year of our iva is for unraised equity(property valued lower than the start of iva)
completed july 2011
 
 

Adam Davies

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Post by Adam Davies » Sun Aug 22, 2010 6:06 pm
Hi
There will be a review at the end of your IVA as your IP prepares their final report
Regards
Andam Davies
 
 

orange

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Post by orange » Sun Aug 22, 2010 6:24 pm
why would they do that at the end.?
completed july 2011
 
 

Skippy

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Post by Skippy » Sun Aug 22, 2010 6:28 pm
Presumably to make sure that you haven't had any overtime etc in the last year that needs to be paid over.
 
 

orange

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Post by orange » Sun Aug 22, 2010 6:50 pm
so am i right in thinking that untill you recieve that cert of completion you have to pay over any extra monies?
completed july 2011
 
 

Skippy

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Post by Skippy » Sun Aug 22, 2010 7:05 pm
As far as I know, yes.
 
 

orange

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Post by orange » Sun Aug 22, 2010 8:13 pm
how would they know you had done extra ...when they arnt asking for income and outcome anymore?
completed july 2011
 
 

Skippy

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Post by Skippy » Sun Aug 22, 2010 8:14 pm
Presumably they will want payslips and P60s and would be able to see from those.
 
 

kallis3

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Post by kallis3 » Sun Aug 22, 2010 8:18 pm
You should be totally honest at all times with your IP.

Until you have that letter of completion then the IP can ask for bank statements, payslips etc.
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 » Sun Aug 22, 2010 8:19 pm
im confused so the iva finishes and until they send you cert of completion they can continue to do reviews and recieve any monies over ! dont seam fair when you have finished...has anyone had to do another review after the final payment has gone from the bank ?
completed july 2011
 
 

orange

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Post by orange » Sun Aug 22, 2010 8:22 pm
so how long is it before you recieve the cert ?

wasnt suggesting i didnt tell them kallis it was just a pondering thought after a poster on here hadnt recieved there cert for 6months!
completed july 2011
 
 

Skippy

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Post by Skippy » Sun Aug 22, 2010 8:23 pm
As Andy said there will be a final review at the end of your IVA.

Once this has been done and your IP is satisfied you will receive a certificate of completion.

Up until the time the certificate has been issued you would still be liable to pay over any windfalls etc as don't forget, you are still liable for the full amount of your debts until the IVA is completed.
 
 

kallis3

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Post by kallis3 » Sun Aug 22, 2010 8:44 pm
I wasn't suggesting that you wouldn't tell them orange.

It does vary from company to company as to when the letter arrives. Until then you are liable for all of your debts.
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 » Sun Aug 22, 2010 9:08 pm
Do you think that if us the debtor has kept all our payment in a timely fashion there should be a guideline to issue the completion certificate? It does seem to vary a lot between companies doesn't it? x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

plasticdaft

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Post by plasticdaft » Sun Aug 22, 2010 11:14 pm
lesley_ wrote:

Do you think that if us the debtor has kept all our payment in a timely fashion there should be a guideline to issue the completion certificate? It does seem to vary a lot between companies doesn't it? x
As do many things in an IVA,worrying that. Far too many gray areas.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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