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Credit Clean Up Post IVA

edited 30 November -1 at 1:00AM in IVA & DRO
2 replies 1.4K views
tony_cluedotony_cluedo Forumite
101 posts
Tenth Anniversary 10 Posts
edited 30 November -1 at 1:00AM in IVA & DRO
So long story short, I had a business that failed. I had various business debt, my wife was just the mortgage. We ended up handing the house back to the bank as it was in negative equity. My wife and I tried for a joint IVA initially that was rejected by one of my creditors. I ended up going bankrupt, my wife managed to get IVA accepted on her own. This was paid as a lump sum for a full and final settlement.

Her creditors meeting were the IVA was agreed was in early December 2017, we paid the insolvency practitioner the full amount the following week. The IVA itself was not closed until October/November 2018. This was due to the IP arguing about their fees.

We have just checked our credit reports, all is fine bar the mortgage we had on the house. It still shows as a default. I have used the clean up letter on the bankruptcy forum for myself and will adapt it for my wife.

My question is, should the settled date be no later than the date of her creditor's meeting (Dec 17), the date we paid the money or the date it was finally closed?



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