Is it correct to have to complete an annual expenditure form after last IVA payment ?

Get expert opinion. This is the place for new questions to be posted.
6 posts Page 1 of 1
Post Reply
 
 

Rachel.03

User avatar
Posts: 1
Joined: Mon Mar 03, 2014 6:15 pm
Post by Rachel.03 » Mon Mar 03, 2014 6:15 pm
Quote
I was in an Iva that my last payment was last month but I have been asked to complete an annual expenditure form is this correct
Top
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:
Post by Adam Davies » Mon Mar 03, 2014 6:19 pm
Quote
Hi and welcome

Seems strange to me, it is quite normal to send in bank statements/wage slips at the final review but can't see the need to fill out a fresh income and expenditure form

Are you a property owner ?

Regards
Andam Davies
Top
 
 

Foggy

User avatar
Posts: 33395
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom
Post by Foggy » Mon Mar 03, 2014 6:26 pm
Quote
Probably an admin error -- we see a few of those !!! Best just to check with your firm, or their computer will go into overdrive !!
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Top
 
 

country girl

User avatar
Posts: 868
Joined: Fri Jul 10, 2009 8:49 am
Location: United Kingdom
Post by country girl » Mon Mar 03, 2014 9:42 pm
Quote
I am at the end of my 5 years and I have been asked to do an annual review. I was surprized at this as well.
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Tue Mar 04, 2014 12:17 am
Quote
It is not usual, as it serves no purpose if the IVA is at its natural conclusion. Pay-slips will need to be reviewed to check whether all uplift payments have properly been accounted for.
Regards, Melanie Giles, Insolvency Practitioner
Top
 
 

Sensible77

User avatar
Posts: 625
Joined: Wed Apr 18, 2007 11:38 pm
Location: United Kingdom
Post by Sensible77 » Tue Mar 04, 2014 1:13 pm
Quote
This happened to me as well. I queried it and was told that it was computer generated and to ignore it. Maybe they should programme their systems correctly!
Top
Post Reply
6 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”