Final review

Get expert opinion. This is the place for new questions to be posted.
5 posts Page 1 of 1

aerialfilming

Posts: 6
Joined: Sat Aug 15, 2020 8:13 pm

Post by aerialfilming » Sat Aug 15, 2020 8:23 pm
Hi

Can someone explain how the final review looks like please. Do I have to provide all paperwork from last 6 years or only the last year will be reviewed.

What is the main purpose of it?

Thanks for any help.

kallis3

User avatar
Forum Expert
Posts: 75936
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sat Aug 15, 2020 8:45 pm
It should be treated as any other review. It is just to make sure that all payment are up to date and that you don't owe anything from such things as overtime or bonuses. Nothing to worry about.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

aerialfilming

Posts: 6
Joined: Sat Aug 15, 2020 8:13 pm

Post by aerialfilming » Sat Aug 15, 2020 9:56 pm
Thanks for the reply. So it will be only last 12 months of IVA reviewed at final review correct?

kallis3

User avatar
Forum Expert
Posts: 75936
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Sun Aug 16, 2020 7:19 am
It should be - depends on your IP as all companies work differently.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

Foggy

User avatar
Forum Expert
Posts: 31243
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Sun Aug 16, 2020 8:27 am
The final review from your standpoint is basically the same as those before, but concentrating more on income over the last 12 months, rather than expenditure going forward. However, at some stage during the completion process, all previous reviews will be revisited to make sure all was done correctly. This usually requires no input from you and should be a purely admin job to dot 'i's and cross 't's.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
5 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”