Why 6 months to receive comp cert on a F&F?

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geoff412

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Post by geoff412 » Mon Sep 24, 2018 4:11 pm
Hi

Having used this wonderful site to help me through my IVA.

I can say I have only one more question!

Why after accepting the full and final offer, does it take 6 months to receive the certificate of completion?

Foggy

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Post by Foggy » Mon Sep 24, 2018 4:48 pm
In short --- it doesn't ..... usually!.

A 6 month admin period is built in to standard Ts&Cs as a matter of course. Most firms take a couple of months, some take a couple of weeks. But, a couple take the full 6 months.
Some delay could be down to awkward creditors putting in different claims to thse originally agreed, which has to be sorted out and some to sorting out incorrect allocations of dividends (which sometimes happens) ... but generally the closure is just a matter of going over all the old reviews and making final payments and accounts .
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/

Lisa Thomas

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Post by Lisa Thomas » Tue Sep 25, 2018 9:33 am
It really shouldn't but many of the big firms are slow to act and take the maximum amount of time to deal with it before a complaint can be considered by the Gateway.

All you can do is keep the pressure on them to issue it asap.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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