Can the creditors still take money from me once the IVA is complete?

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robert981
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by robert981 » Tue Oct 03, 2017 3:52 pm
I am in an IVA already and am nearing the end of it and wish to know if the creditors can still take money from me once the IVA is complete.
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Keith White
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by Keith White » Tue Oct 03, 2017 4:13 pm
No they can't. Once the IVA is successfully completed all remaining debt has to be written off.
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Foggy
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by Foggy » Tue Oct 03, 2017 4:27 pm
I agree with Keith with the exception of PPI -- if you get awarded a PPI refund ( or bank charges, or similar) after completion it is still likely to be due to the IVA as an asset that existed during the arrangement.

BTW "completion" does not mean the last payment -- it means the issue of the certificate of completion, which may be some months later.
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