Stressed at the end of my IVA

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1


Posts: 1
Joined: Thu Sep 06, 2018 1:11 pm

Post by LobsterJohn » Thu Sep 06, 2018 4:14 pm
Hello - im about to make my final payment in December 2018 - after a 6 year IVA with PayPlan.

I asked them what info they would require as part of the completion process.

All they said was: Past 4 years of P60s and one payslip from 2017 which they say is missing from their file.

Nothing else....

I'm so paranoid about the whole thing - the above seems like too little information. Does this ring true with anyone here?

Also what does the practitioner do once ive made my last payment? In terms of contacting creditors etc..? what do they essentially communicate between themselves?

What are the spanners the creditors could throw into the works after my last payment?

I'm scared and worried and stressed - any help is much appreciated.


User avatar
Forum Expert
Posts: 28583
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Thu Sep 06, 2018 4:35 pm
They will have done annual reviews, so there should be very little they require. For the final year they wll just be looking at income really, to make sure there are no overtime or bonus payments you have missed off. When they are happy they will check the file for anything they might have missed and make a final dividend payment to creditors. Then issue you with a certificate of completion, which is the official end of the IVA.

Spanners: A creditor claiming an increased debt or a new creditor popping up. Other than that, as long as you have declared all income correctly, very little should go wrong at this stage.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014


User avatar
Forum Expert
Posts: 74301
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Thu Sep 06, 2018 5:05 pm
You should be fine.
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.
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”