Why do I need to do an april annual review when I finish my IVA today ?

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D.22

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Post by D.22 » Thu Mar 31, 2016 9:55 am
why do i need to do an april annul review when i finish my iva today,will they want to have any overtime or wage rise i get in april etc??
 
 

kallis3

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Post by kallis3 » Thu Mar 31, 2016 9:57 am
Hi,

It is normal just to make sure all monies due over the last twelve months (such as bonuses or windfalls) have been paid across. Once you have finished then any overtime etc is yours.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
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http://kallis3.blogs.iva.co.uk
 
 

Foggy

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Post by Foggy » Thu Mar 31, 2016 10:17 am
They always do a final review to check that there has been no overtime etc missed in the last year and to report successful completion to the creditors. Once you have made your last payment your wages are yours.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Lisa Thomas

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Post by Lisa Thomas » Thu Mar 31, 2016 10:35 am
To make sure you haven't been in receipt of extra bonuses and overtime that would need to be payable into the IVA.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

lifenoteasy

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Post by lifenoteasy » Thu Mar 31, 2016 1:52 pm
It depends on the company.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

Skeef143

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Post by Skeef143 » Fri Apr 01, 2016 1:55 pm
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by lifenoteasy

It depends on the company.
You're not kidding - Debt Support Centre wrote to me in January asking for my last 12 months' wage slips, which they'd never asked for before in a review before (usually been 3 months' bank statements/wage slips and P60), and as I said elsewhere, my final payment was today! I could have earned anything since the start of the New Year - I haven't, obviously (well, not with regard to anything extra) but you know what I mean.
Last edited by Skeef143 on Fri Apr 01, 2016 1:57 pm, edited 1 time in total.
Final payment 1st April 2016.
Completion Certificate received 19th May 2016.
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