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 ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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.
