www.iva.co.uk

Hi.

Just received our statement from our last review and our IVA is set to finally end on August 1st 2017

Due to payment breaks, inability to remortgage and additional payments in lieu of shares being included it feels like getting to this point has taken forever!

I have a question regarding the end of the IVA. Will we be required to carry out a final review? If so what does this consist of?
Seems odd that we would have to do yet another one after only eight months.

Many thanks.

Hi9,

You may have to but it is just routine to check that nothing is owed i.e overtime payments or bonuses.

Thanks kallis3.

There will be nothing additional to factor in.

I was just thinking about the amount of paperwork we send off every year for our annual reviews. Bank statements, payslips, P60s, income & expenditure etc. and was wondering if is that level of information that is required or a lesser amount.

Thanks.

A P60 should be enough as this will show any extra earnings. Some firms ask for bank statements to see if any extra money has been deposited but not all do.

Thanks Michael.

There will be no extra money but I appreciate they'll have to check.
However, a secured loan ends one month before our IVA. Will the payments for it have to go into our IVA?

Leaving without a cushion will be worrying. Especially considering the first thing we will have to do is try to get a new car.

I shouldn't think they will bother about the extra money for the last payment as that payment is probably one in lieu of one missed earlier and should be at the amount of the payment missed, being, in reality, repayment of an arrear. ,,,, but I could be wrong !

My final review last year with Credit Fix was last six months pay slips and bank statements.

Just think whatever they ask for this time will be the last time ....well done on reaching the end of your iva !

Thanks everyone. I think I'll leave it in the bank just in case they ask for it to be paid into the IVA.

Mind, I do think there should be a bit of wiggle room as what we are paying now are extension payments to the IVA.