hello all
bin all while since i was on here but i need help again am due first year review in june and i just wondered what it all entailed??
iva has been brilliant for me and has trully worked so far and it has brought my fiances into straights but am a bit worried about the first year review
You will need to provide your IP with copies of your wageslips and a P6), together with details of your current income and expenditure and confirmation as to whether you have received any windfalls during the year.
Glad you are finding that the IVA is helping you to get back on track - and don't worry about the review - it is just as much for your benefit as anyone elses.
Prepare a new Income & Expenditure Statement and have ready the last 3 months bank statements (if requested) and the last 3 months wage slips.
Have you had any salary rises? This can be offset against increased costs.
Your IP will be in touch. Good luck.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Glad you are feeling so happy. It's good to see that an iva is not doom and gloom and if anything it helps lift the clouds away. From posts on here I have a good understanding now of the annual review so won't be worrying.
I am with Payplan and they phoned us up about a month before it was due and did it over the phone.
Others will write and it can be any time around the review date that they get in touch.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
