Hi,I am just coming up to my last year. Waking up at night worrying about latest accounts submitted.

[Jane.v]

Hi,

I am just coming up to my last year of my IVA. It been quite a struggle but I've managed to keep up the payments, I am self employed so I have to show my accounts and submit a prediction for the next year. My latest set of accounts are right up to date so I have two years worth to show. The 2010/2011 figures are way below what I had predicted but I kept my head above water by selling stuff and moving to a different house (I rent).
The 2011/2012 figures are much better and should show that I can now manage on the earnings if they continue at the same level. I am worried that my IVA provider won't accept my prediction for earnings over the next year, as I was wrong for 2010/2011. I am submitting my latest accounts with my usual expenses sheet and fingers crossed all will be well. Any advice to put my mind at rest and help the last year go smoothly would be gratefully accepted. I'm waking up at night worrying.

Thanks

[Shining]

Hi, I've no advice as I know nothing about self-employment but do want to say, try not to worry as I'm sure it's in the interest of nobody for your IVA to fail during this last year.

I sincerely hope this year runs smoothly for you x

[MelanieGiles]

I am sure that at this late stage, so long as your are maintaining payments the actual forward projections are unlikely to disturb anything.

[Jane.v]

Thanks Melanie, that is reassuring, I submit my figures and see how it goes.

[Tina Shortland]

Hi Jane - hope you had a better nights sleep last night. Remember predictions are just that - you cannot be expected to know exactly what will happen. Melanie is very well experienced in looking after self employed clients so I am glad you feel reasured by what she has said.

Best of luck with your final year - not long to go now!