We are confused about what is being reviewed in our annual review. IVA finishes in August.

[adelepovey1]

Hi. We have an iva and due to finish this august as we have had a 1 year extension due to no equity in our property. We were told we would just pay a flat some a month an not have to pay any extra income or overtime into it as we have had to do previously. We hav just received our annual review which im confused about as we have made all payments as asked so what r they reviewing?

[Adam Davies]

Hi

They are probably checking for any windfalls etc or it could just be an admin error

Regards

[bombshell]

I finish my IVA next month and I have been advised that my last I&E review took place in March 2015.

As my income hasn't changed over the last 12 months they said nothing was required by me and they have confirmed that was my last review and to carry on as normal until my last payment is taken

[Adam Davies]

Hi

It is not unusual to have a final review to cover the previous twelve months

Regards

[Foggy]

Interesting that they are disregarding overtime etc in the "equity year". However, as Andy says, just checking for windfalls and the like.

[In_deep]

Just had a 12 month extension in lieu of equity. We have been told there will be no 5 year annual review and to carry on amounts we already pay. I assume annual bonuses etc at Christmas would still need to be paid across?

[Foggy]

I would assume so too, In_deep, however, as mentioned above, some IP's seem to differ ( or are giving out the wrong information), so best to check with your own IP.