IVA for Twelve (12) YEARS????

StruggleClub

Hi Everyone!

I'm at a loss, you guys are my final hope. Is it normal/legal/ethical/OKAY to be trapped in an IVA for 12 years?

Yes it is still on the register, but when I emailed the @insolvency email address no one could find it.

The practitioner and the practitioner's business has also been out of sufficient communication in my view.

What do I do?

I just want to know what's on it and to get rid of it.

-SC

fatbelly

I think that might be a record.

Who does it say your Insolvency Practitioner is?

Did you ever receive a certificate of completion?

StruggleClub

Love to be an over-achiever!

It does say I have an Insolvency Practitioner, and I have contacted them got "yeah thats weird but I'm on paternity leave" email then nothing else really. Only stuff like "I haven't yet considered whether or not I should dissolve, complete or make bankrupt" It was very scary and unfair.

Recieved absolutely NOTHING in terms of certification.

I thought there was a statute of limitations, how can it still be going?! @fatbelly thank you for responding

fatbelly

Ok. Formal complaint needs to go to the IP

https://debtcamel.co.uk/complaint-iva/

ManyWays

The statute of limitations stops applying when an IVA starts as no one can sue you for an IVA debt while it continues. Don't mention this as its factually wrong..

StruggleClub

@ManyWays  thank you, I didn't know. Again no one is talking to me.

But also some of the businesses that were apparently creditors from what I do know have long since dissolved???

Also again, how on earth can an IVA go on for twelve years, even bankrupcy doesn't last that long. I'm not trying to be "factually wrong" I want help.

fatbelly

StruggleClub said:

It does say I have an Insolvency Practitioner, and I have contacted them got "yeah thats weird but I'm on paternity leave" email then nothing else really. Only stuff like "I haven't yet considered whether or not I should dissolve, complete or make bankrupt" It was very scary and unfair.

 

12 years is ridiculous and that is not an acceptable response. 

Start the complaint process as set out bt Debt Camel

ManyWays

I think you have a lot to complain about - your IVA firm should never haver let this drift on so long and they should have been communicating with you so you knew what the situation was and what your options were.

I was just saying the statute of limitations wont help, so drop that as an argument, I didnt mean to suggest everything was OK or that you didnt have a lot to complain about.  Its just when you make 3 good points, its actually feels stronger than making 3 good points and a couple of week or wrong points. 

sourcrates

You aren`t still paying the IVA are you?

StruggleClub

sourcrates said:

You aren`t still paying the IVA are you?

No, I never had to pay anything anyways. It was non-contributory! Now half the people/businesses in there are defunct or dead! Also my practioner's business dissolved and was changed without telling me too... And they are still ignoring me

Thanks everyone for advise and support x

sourcrates

StruggleClub said:

sourcrates said:

You aren`t still paying the IVA are you?

No, I never had to pay anything anyways. It was non-contributory! Now half the people/businesses in there are defunct or dead! Also my practioner's business dissolved and was changed without telling me too... And they are still ignoring me

Thanks everyone for advise and support x

Did you have to sell assets to repay the debts then?