www.iva.co.uk

i am nervous about my first yearly review.............i have moved house and my expenses have altered although work out to about the same as before just spread in different ways. eg slightly less rent more council tax etc. is the yearly review process complicated?
my life has been so much better since my iva! just been dreading the review in case it goes wrong!

Hi
I just had my yearly review and I too was really nervous about it. Some of my circumstances had changed but it all turned out fine....nothing changed with my payments.
It was stressful filling the forms out and preparing the photocopies of my payslips, bank statements and evidence of increase or decrease in my expenditure.
My income had increased but i'd had another baby and some of my household bills had gone up too.
They worked out that I was not in a position to increase my payments and they were left as they were.

I think they only seek extra payments where you can realistically afford to increase them.

Try not to worry too much
Hope it all goes well

Hi I completed my review in May and pretty much the same as chez, we had a payrise but this wa offset with raise in mortgage etc. Monthly contributions remained the same.

Just a bit of advice however, we sent our actual P60, pay slips and bank statements and our IVA company did not receive them. May be a good idea to send copies if you are allowed to.

Good luck

Spenmotherhen

There should be nothing to worry about about IP annual reviews. The bottom line is that if you can afford more you should pay more, but you dictate those figures by your revised income and expenditure submission.

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

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

There is nothing to be nervous about it is just an unknown that we haven't faced before, as I was just the same but I agree with spenmotherhen send copies of everything as our company lost the first set that we sent so we had to send another set.

Lou

thanks for all your replies............will keep you posted. will definately send copies of everything

hi there..just wondered what you meant by 'slipped away'?