Query re. Period post IVA approval

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Johng79
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by Johng79 » Thu Jun 08, 2017 8:37 am
Hi guys,

Hope you are all well.

As you know i was approved 19th may. Just got email this morning about an overdue minimum payment. Would you even bother responding or just leave it? Curious as to whether i should send letter advising of iva approval or just not bother as they would have already been sent chairmans report within 4 days of meeting. The creditor did not even vote on my proposal if that makes difference.

Also had nosey at another account that accepted my proposal. They have added late payment charges over last day or two. Strange that.
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Foggy
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by Foggy » Thu Jun 08, 2017 8:44 am
They will add in whatever that can do up to the IVA start date -- to increase their claim and, therefore, dividend. I had the odd letter from creditors which I simply passed a copy of on to my IP (no idea what he did with them, if anything). You might also get a statement every now and again -- the figures on which will be pretty much meaningless.

Collections are usually dealt with by outside agencies these days, who have limited access to your account and the IVA will take a while to filter through the systems.
Johng79
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by Johng79 » Thu Jun 08, 2017 8:52 am
Ah ok. My ip said in a letter couple weeks ago that i should contact them immediately if i got any legal type letters. Just wondered if i should even bother acknowledging their contact, or just leave it as is.
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Foggy
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by Foggy » Thu Jun 08, 2017 8:56 am
I would just forward the email to the IP and leave them to do what they will with it.
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Lisa Thomas
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by Lisa Thomas » Thu Jun 08, 2017 9:24 am
You can ignore it but I would pass it to the IP just in case.

It may take a little while for the creditors to update their records reflecting the IVA in place and stop bugging you.
Johng79
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by Johng79 » Thu Jun 08, 2017 9:28 am
Thanks guys for the advice. First correspondence iv received so was curious as to how to deal with it. Given my new iva tight pursestrings, wasnt sure whether i should be spending money on posting stuff. Im actually still not in insolvency regiater yet but i guess relatively speaking its still very early days.
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moira717
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by moira717 » Thu Jun 08, 2017 7:20 pm
I was told to file in the bin unless threatening court action, in which case to forward to my ip. They said I could probably keep receiving letters up to 3 months after acceptance. I'm now in month 2 and only getting odd one.
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luluj
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by luluj » Fri Jun 09, 2017 5:46 am
Safe to ignore it or pass to your IP .. you are fully protected
Johng79
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by Johng79 » Fri Jun 09, 2017 8:55 am
yeah ip company told me to ignore it, and advised they had already received claim from said company.
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Michael Peoples
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by Michael Peoples » Fri Jun 09, 2017 1:16 pm
We often get clients sending in threatening letters from creditors post IVA as it does take a bit of time. It can be actually amusing [probably not to the client] when a creditor says they know nothing about the IVA yet they had actually voted at the meeting!
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