www.iva.co.uk

hi, my iva company is asking for an exhaustive amount of documents to prepare the proposal, some of the docs are confidential. Will these be send to the creditors

Hello J.P. Unfortunately an insolvency solution will require quite intrusive investigation into your financial affairs.

Your creditors will see full details of your income and expenditure, the the form of a table prepared by your IP. They will also see full details of total debt to all creditors, again in table form.

What documentation particularly worries you ?

Hi J.P, as Foggy said an IP will need detailed documentation to ensure the accuracy of what is in the proposal but generally the creditors only see the end result, the proposal, and not the supporting documentation. The IP is highly qualified and regulated so creditors trust what they put in front of them.

Hi

No is the short answer

Your creditors will just receive the proposal that your IP drafts using the info you supply

Regards