regular checks during the iva?

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Hammie1

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Post by Hammie1 » Mon Aug 02, 2010 8:53 pm
Thanks Lesley. Looks like I need to make a list everytime a cheque goes in the bank so that I can explain to IP at the time of a review what it was for.

Sam x
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kallis3

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Post by kallis3 » Mon Aug 02, 2010 10:47 pm
It depends on your IP. I don't send bank statements in at all.
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
 
 

yahwob

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Post by yahwob » Tue Aug 03, 2010 12:35 pm
I know it's not the same but I'm on a DMP and none of my creditors have ever asked for proof of anything! No wage slips P60's etc they just seem to take my word for it.
 
 

flow13

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Post by flow13 » Tue Aug 03, 2010 3:58 pm
DFD ask for info once a year - the last 3 wageslips, a p60 and the last 3 months bank statements. Plus proof of anything that has increased by more than 10%. x
Its now time to start living and to make some some wonderful memories!
Read my blog at http://flow13.blogs.iva.co.uk/ 'Aiming for the finish line'
 
 

orange

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Post by orange » Tue Aug 03, 2010 4:31 pm
what i want to know is why arnt they all the same ?
completed july 2011
 
 

kallis3

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Post by kallis3 » Tue Aug 03, 2010 4:35 pm
Each company just has a different policy.

The end result is the same, your IP gets to see how much you have earned over a period of time and so can adjust your payments if necessary.
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
 
 

Michael Peoples

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Post by Michael Peoples » Tue Aug 03, 2010 4:35 pm
Each IP has to prepare a report to comply with their obligations as supervisor. Some feel they want to see bank statements whereas others do not. We are happy with wage slips, P60 and evidence of any additional expenditure or large increases in outgoings.

In some cases we require wage slips on a quarterly basis and in others we only need to see them at the annual review. This is because that is what the proposal and creditor modification demands so each case can be diffetent even with the same IP.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
 
 

orange

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Post by orange » Wed Aug 04, 2010 9:55 am
theres no wonder readers get confused!
completed july 2011
 
 

dw1983

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Post by dw1983 » Wed Aug 04, 2010 10:09 am
Does it matter if you've made a few savings along the way and they see that on your bank statement or is it better to move it to another account
Iva completed
 
 

Michael Peoples

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Post by Michael Peoples » Wed Aug 04, 2010 10:13 am
We actively encourage our clients to save whether it is their monthly allowances or their share of overtime and bonuses. If you have managed to save a couple of pounds on insurances or utilities, these savings are almost certainly absorbed elsewhere through extra food or fuel costs so not relevant at all.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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