annual review document.

[sorted]

I have been contacted regarding my annual review by my new iva company and in addition to p60, 3 months payslip they have requested 3 months bank statements. My arrangement was transferred to the current company late last year. With the original terms bank statements were not mentioned. Is it right that the new company can introduce new requirements as they deem fit. Advice would be appreciated

[MelanieGiles]

Is there a problem in providing your bank statements? I personally don't ask clients for these, but a lot of IPs do - and if you have nothing to hide is there really a problem in sending them?

[banjoplayer]

I sent my bank statements to my IP, that way they get the full picture, after all they can only work with the documents you actually send them,

[sorted]

Melanie, I expected that one, actually it is not about hiding anything, actually I have already prepared them the docs. But I am concerned that the contract is there to be followed not be amended as the ip deems fit. Why the leeway. Next time they might change the equity or overtime or breach clause. Regards

[MelanieGiles]

Your IP is asking for information he/she deems relevant to your case. This is not included in IVA proposals, and it would be wrong to do so. IPs must be allowed to supervise their cases to the best of their ability in the interests of your creditors. We all have our own individual styles and preferences.

Your IP cannot change the equity, overtime or breach provisions without the agreement of creditors.