www.iva.co.uk

Hello everyone!

I've been posting off payslips etc to my IP as and when I get them (IVA approved 5 months in).

Just wondered what happens at the yearly review?

The IP will look at your current income and expenditure, by reference to your payslips, to determine whether you can afford to increase your payments. They will then compile their formal report to be issued to the Court, your creditors and yourself confirming the progress which has been made during the year, and the amount which has been distributed to your creditors.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk