Just received my first year annual review. My payments are to stay the same and I don't owe anything for last year. Pleased about that.
In the report it states 8 our of 18 creditors' claims are outstanding and they still have to prove their liabilites in this arrangement. My question is what happens if they do not prove their liability or agree their claim - will they still be able to contact me once the IVA has finished for their monies?
Apparently not. 2 of my creditors haven't claimed and when I asked the question, they told me that they won't get nothing unless then claim. I'm sure one of the pro's will be on shortly to answer this in more detail though!!
I've just had my yearly review, but all that came through the post was a copy of my expenditure form and that was it??
If Football was meant to have been played in the air then God would have put Grass in the Sky
I completed my income and expenditure form in March for the annual review and have only just received the report. Apparently they have upto 2 months to put together the report after date of annual review.
I know the year has flown and budgetting has been easier than I thought it would have been - just wished I had known about IVA earlier, instead of getting myself into more debt to try and get out of debt.
I agree. Pre IVA I never thought I would be able to actually save for things. Now I make certain things last longer and go for the cheaper options instead of the expensive ones. With the money I've saved and possessions I've sold me and the mrs are able to go on holiday this year.
If Football was meant to have been played in the air then God would have put Grass in the Sky
Your IP needs to chase up the outstanding creditor claims as a matter of urgency. There is no excuse for being one year into an IVA with the majority of claims not yet agreed.
