www.iva.co.uk

Hello

I've received the paperwork from my IP regarding my first year review (can't believe I've been in an IVA for a year already).

They've asked for my amended income and expenditure, and proof thereof. If I increase each amount by say £5-£10 only (roughly the extra that I'm now spending extra) do I really need to provide proof or as they are only small amounts will they just be accepted.

They already know, through sending my payslips each quarter that I received a payrise a couple of months ago, but now just wondering how I go about the 12 month review, when I have no proof so is it best I keep the levels as they are as of last year or hope they accept a moderate increase in levels.

Any help would be appreciated.

Thanks

Rachel x

If you complete you income and expenditure honestly (as I am sure you will do) then your IP can then ask for proof if they need to.

Hi Rachel,

When we completed our 1st review last year we sent in our amended I&E and our IP then asked us for proof of the significant increases (like my car insurance and contents insurance shot up!) but they didn't bother with smaller increases such as council tax, water etc.

Lou x

I only ask for evidence if items have increased by more than 10%, but you will need to check with your own IP to be sure.