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Posted: Mon Jul 25, 2011 10:04 pm
by Dumbeh
Hello
Does anyone know when we should expect our IP to send us information on our first annual review? Our creditors meeting last year was 25 August so I would have expected something by now. Is it something we should instigate or does the IP contact us?
Posted: Mon Jul 25, 2011 10:11 pm
by Random Lady
Hi - I would have thought you would have received something by now. Our IVA was approved on 15th Sept and we got our first review documents in July last year and have just received our second review documents. Might be worth emailing or ringing your IP to check.
Posted: Mon Jul 25, 2011 10:12 pm
by Foggy
Some leave it right until the last minute ( indeed, we have had one poster who got through her IVA without a single review ---- recipe for disaster). It can do no harm to give them a gentle nudge ---- after all you share the responsibility for the smooth running of the IVA.
Posted: Mon Jul 25, 2011 10:12 pm
by kallis3
You should get something through soon Dumbeh. It all depends upon yoru company as to what they require from you.
There is still time for them to contact you.
Posted: Mon Jul 25, 2011 10:16 pm
by Dumbeh
Thank you.
I will give it until Wednesday and if we haven't heard anything will give them a ring.
Posted: Tue Jul 26, 2011 8:00 pm
by Dumbeh
Well, what do you know?
Paperwork arrived this morning for our annual review!
Thanks again to those who sent me a reply.
Posted: Tue Jul 26, 2011 8:17 pm
by Foggy
There you go --- you have a telepathic IP
Posted: Tue Jul 26, 2011 8:18 pm
by Alan.30
Hi
What does the paperwork / review intail??
Posted: Tue Jul 26, 2011 8:48 pm
by KAYKAY
Alan.30 wrote:
Hi
What does the paperwork / review intail??
Usually you are asked to confirm incomings and outgoings if any have increased/decreased you need to provide proof... hence a good idea to keep petrol and shopping receipts. Also you may be asked for the last 3 months payslips and bank statements and possibly a P60.
I found it useful to keep a spread sheet.. set up from the 1st income and expenditure reveiw, and adding a column on for each yearly review... this way I could make a comparrison and see the increases/decreases easily enough and be able to explain the reasons for any changes.
Posted: Tue Jul 26, 2011 9:21 pm
by kallis3
It will depend upon what they have asked for. I have never had to provide receipts for anything, or proof of extra expenditure. I don't have to do bank statements either.
It's all down to the individual IP company.
Posted: Wed Jul 27, 2011 9:52 am
by Broke of London
I keep an annual review spreadsheet too! Its scary how much things are going up in price and only one thing has gone down - I cancelled my life insurance when I got it free in my new job otherwise!
Posted: Wed Jul 27, 2011 1:16 pm
by kallis3
I don't do a spreadsheet - can't get on with them at all. I just do a list of my expenses and just update it each year.
Re: 1st Annual Review
Posted: Wed Nov 19, 2025 11:06 pm
by yodaguy