Annual review question

cowpie

Hi all

I have received the paperwork for my annual review on my single IVA.

It says to cross out any outgoings/bills that have Significantly increased over the past year. All our bills are more or less the same as last year.

My question is: if I leave the income and expenditure as the same as last year would they question it ? Ask why things haven't changed ?

Thanks in advance

sourcrates

cowpie wrote: »

Hi all

I have received the paperwork for my annual review on my single IVA.

It says to cross out any outgoings/bills that have Significantly increased over the past year. All our bills are more or less the same as last year.

My question is: if I leave the income and expenditure as the same as last year would they question it ? Ask why things haven't changed ?

Thanks in advance

Hi,


Not at all, but you will find it easier if you increase your costs by say 10% to allow for price fluctuations, cost do rise, they rarely go down, just make your budget realistic.


That's what I did, and my figures were never questioned, just remember, your IP will have thousands of insolvency's on there books, questioning every one over a small budget issue would be very time consuming and costly, could be your slightly overthinking this, which is a natural reaction sometimes.

biscuit1_2

I agree sourcrates they are really looking for large significant changes that affect your ability to pay.