Why does IVA completion take so long

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

Tracy.d

User avatar
Posts: 2
Joined: Sun Oct 09, 2016 3:43 pm

Post by Tracy.d » Wed Oct 24, 2018 2:27 pm
Why does it take it month's and months to get a decision on an iva for completion

Lisa Thomas

User avatar
Industry Expert
Posts: 7308
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Wed Oct 24, 2018 2:51 pm
Is it a variation decision you are waiting on?

Assuming it is, you should have your answer within about 5 weeks assuming no adjournment is necessary (3 weeks to call a meeting with 2 weeks notice) .

Check the variation terms of your IVA and then challenge your IP if they are past the deadlines. Make a formal complaint and escalate here if necessary:

https://www.gov.uk/complain-about-insol ... actitioner
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

Foggy

User avatar
Forum Expert
Posts: 28352
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed Oct 24, 2018 3:25 pm
It does vary from company to company, with most taking a couple of months. A few take weeks and a couple take upwards of 6 months and it is largely down to how proactive and organised the firm is.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

MerlinL14

User avatar
Posts: 1616
Joined: Sun Oct 30, 2011 2:44 pm
Location:

Post by MerlinL14 » Wed Oct 24, 2018 5:11 pm
Think of it as a Bum doesn't know what the Elbow is sort of situation! I think it is down to total disorganisation and disregard for the OP as a person rather than just a case number. Some firms are great, the majority though need to work harder at customer care and closures especially need to be made faster as this is seen by the OP as the final nail in the debt coffin.
Mine took 6 months.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”