hi my variation meeting is tomorrow at 10.30 a.m and its just me in the iva but my partner has now decided since last week that he has given up his job and set himself up with his own small business that now means he is self employed, im a little worried now as when my yearly review is due he will no longer have payslips to prove what he is putting into our finances even though the iva is mine, just wondering what they ask for at review time if he has no payslips and he has only just set up??? confused hope this makes sense thanks
Your partner's trading accounts and tax return will be fine evidence of his earnings Kyla, and as they may not be available at the time of your next review if he has not completed a full year of trading, and estimated position should suffice. As you say he is not party to the IVA, technically he does not need to produce anything, but it is usually better to err on the side of co-operation in these matters to avoid your IP becoming suspicious.
Good luck with the meeting and with the new business venture.
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
variation accepted thank goodness a little weight off my mind just a slight increase of £17 more then i was offering but thats fine, and thank you for your response to my question it is a little nerve racking but hopefully his business will be fine and no mel my review will come before he has any proof so to speak but thats good to hear so now i can relax and not panic about things until my review in june [:)] thanks again xx
Unusual in my experience to see payments increased at a variation meeting, but so long as you are happy and the payments are affordable that is the main thing. Well done to all concerned.
