Yearly review

2 posts Page 1 of 1
Post Reply
 
 

kahlan

User avatar
Posts: 60
Joined: Wed Oct 18, 2006 7:49 am
Location:
Post by kahlan » Tue Jun 12, 2007 3:26 pm
Quote
Hello everyone!

I've been posting off payslips etc to my IP as and when I get them (IVA approved 5 months in).

Just wondered what happens at the yearly review?
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Tue Jun 12, 2007 3:45 pm
Quote
The IP will look at your current income and expenditure, by reference to your payslips, to determine whether you can afford to increase your payments. They will then compile their formal report to be issued to the Court, your creditors and yourself confirming the progress which has been made during the year, and the amount which has been distributed to your creditors.

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
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
2 posts Page 1 of 1
Return to “IVA postbag for june”