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Posted: Tue Dec 20, 2011 5:42 pm
by thislldo
what happens during the first revue when you are in an iva
Posted: Tue Dec 20, 2011 5:46 pm
by kallis3
Hi, it all depends on who your IP is. All will want at least three months worth of payslips and most will.want a P60. Some want bank statements but not all.
You should do a new I&E as well to.take into account any increases in expenditure.
Your IP will be in touch in plenty of time.
Posted: Tue Dec 20, 2011 8:21 pm
by Shining
Agree with Jan they'll inform you what is required, make sure you send them everything as requested and fill in the I&E accurately and all should go smoothly. x
Posted: Tue Dec 20, 2011 10:48 pm
by Firefox
Hi Just as posters have said, generally speaking you will need to provide a P60, 3 months payslips and an up to date I&E statement to show any changes in expenditure. If any items of expenditure have changed significantly you should enclose some supporting evidence, e.g. utility bills or council tax bills.
Posted: Tue Dec 20, 2011 11:07 pm
by plasticdaft
It really is not to be feared. Its simply a tool that iva firms use to ensure you are still paying what you can afford. Make sure that you increase allowances where you feel you are spending more than you were a year ago,food and fuel for a start!!
Its for your benefit as well as your creditors.
Paul