What you need to provide for an IVA

[kerryj]

Hello,
I might need to arrange an IVA
I would be grateful if you could you give me a list of information and paper work you need to provide for an IVA, and over what period eg, 3 months 6 months 1 yr??
just so that i can start to get my paper work in order, in case i end up going ahead with the iva
IE:
bank statements? how many?
proof of income? what do you need to provide?
lastest statements for credit cards

[MelanieGiles]

Hi kerryj and welcome to the forum

This is a big question and will depend upon the circumstances of youre case, but an insolvency practitioner will require to verify the amount you owe to creditors, the value of any assets you own and have full details of your income and expenditure, including wage-slips or trading accounts if you are self-employed, and details of mortgage or rental payments.

Depending upon the type of IVA you are thinking of proposing the general durations are - full and final settlement (1 year) or contributions based (5 years).

At this stage you probably need to consult an insolvency practitioner with experience of putting together IVA proposals and presenting them to give you more detailed advice with regard to your situation.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[Oliver]

The paperwork generally needed at the front end of an IVA would be along the lines of
- ID (Passport etc...)
- Rent Statement (If renting)
- House valuation (by estate agent) and Mortgage / Secured Loan statments (If a home owner)
- Wage Slips (If PAYE)
- 3 years tax returns / trading accounts / 12 months future projections (If self employed)
- Creditor Statements
- 3 months Bank Statements

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp

[Adam Davies]

Hi
I have written an article "gathering information for an IVA "located in the articles section.
Hope it helps
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

[iva experts]

Other documents that may be asked for are:

- Car HP Agreement

- Proof of Disability/Benefits being received

- Pension Amount Confirmation (If receiving a pension)

Also any other paperwork that can prove additional income received etc.

Best Regards. IVA Experts

[iva_squirrel]

Good evening,


ID
CC Stmts
Loan Agreements
Bank Stmts
Wage Slips
Business Accounts
Mortgage Statement
Endowment Policy
Loan Agreement
Home Valuation
Home Rental agreement
Car HP
Pension Plans

Kind regards,



Julia Simavi

Shortlisted with special commendation for Debt Counsellor of the Year by Credit Today Awards 2007

View my profile:
http://www.supersonicsquirrel.net/julia ... rofile.asp

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