hi, am in the process of applying for an iva,

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

 

User avatar
albatross2
Posts: 5
by albatross2 » Mon Jan 25, 2010 8:58 pm
hi, am in the process of applying for an iva, am worried about my bank statements, how much scrutiny do they come under?also was told to provide info on all debts some of these accounts i dont get monthly statements for can i just give th card number and amount outstanding?

 

User avatar
Adam Davies
Posts: 14596
by Adam Davies » Mon Jan 25, 2010 9:56 pm
Hi
Your IP will need to verify balances so latest statements or communications are the easiest way to do this. Your IP will also need to check statements to check that your expenditurte on main expenses is accurate and that there are no unusual transactions
Regards

 

User avatar
Darkdog
Posts: 146
by Darkdog » Mon Jan 25, 2010 10:08 pm
Hi Albatross2,
Just be completely open with your IP because you are entering into a long term partnership and no one will want any surprises if you want the IVA to work and be affordable. Your IP will be there to help you with your initial proposal and through out its duration and therefore will need all of your details to do this. You could always contact creditors for a settlement figure if you have no current statements etc.

 

User avatar
kallis3
Forum Expert
Posts: 71944
Contact
by kallis3 » Mon Jan 25, 2010 10:23 pm
I have never yet had to provide a bank statement.

I thnk it all depends on your IP.

 

User avatar
MelanieGiles
Industry Expert
Posts: 47612
Contact
by MelanieGiles » Mon Jan 25, 2010 10:24 pm
What is worrying you about having to produce your bank statements, Albatross2?

 

User avatar
Darkdog
Posts: 146
by Darkdog » Mon Jan 25, 2010 10:30 pm
I sent all mine to Melanie's team although not asked for, it just has all the little things on like sky payment, car insurance etc and confirms what goes in and out. I even sent pass port scans (so Melanie knows how handsome I really am :-) ) I felt the more info the better in assessing the situation.

 

User avatar
MelanieGiles
Industry Expert
Posts: 47612
Contact
by MelanieGiles » Mon Jan 25, 2010 10:42 pm
Yes - you are definately Mr January in the office calendar Darkdog!!!

 

User avatar
Shining
Posts: 27023
by Shining » Mon Jan 25, 2010 11:11 pm
Oh I say Darkdog! I wonder who Mr Feb etc. is?

Seriously if bank statements were requested I'd send them without a thought, however, my IP doesn't require them.

 

User avatar
Darkdog
Posts: 146
by Darkdog » Mon Jan 25, 2010 11:19 pm
LOL you must have a very dark office, that passport photo OMG, does anyone ever have a good one?

 

User avatar
MelanieGiles
Industry Expert
Posts: 47612
Contact
by MelanieGiles » Mon Jan 25, 2010 11:28 pm
I've been told more than once that I look like Myra Hindley on mine!

 

User avatar
kallis3
Forum Expert
Posts: 71944
Contact
by kallis3 » Tue Jan 26, 2010 6:32 am
Oh Mel! That's not a good comparison! I'm sure that's not true.

I never take a good photograph and my passport one is terrible.
11 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”

Who is online

Users browsing this forum: No registered users and 15 guests