IVAs - Documentation required
Introduction
This is a list of the documentation usually required when proposing an IVA. Obviously, this will be in addition any information form you will complete.
- Property Valuation
- Or if not, sales particulars of similar properties for sale in the same street or local area (from estate agents or newspapers).
- Mortgage Statement
- Issued annually, usually following December 31st or March 31st.
- Endowment Policy Surrender Value
- Telephone insurance company and ask for confirmation of current surrender value of the policy (verbal followed by written).
- Car Finance / HP Agreement
- Original agreement (or a copy) and any recent letters.
- Salary / Wage Payment Advices
- At least three months payslips (ideally consecutive) for yourself and your spouse (even if the spouse is not liable for any debts)
- Creditor Statements / Letters
- A statement or letter that shows the amount currently owed to each creditor and your current account/reference number with them.
- If the latest amount is on a solicitors/collector's letter, it would be helpful to also have an older letter directly from the creditor to ensure that the reference number is correct. (N.B. collectors usually use their own reference numbers).
- Reasons for Financial Difficulties
- A personal history (in as much detail as possible) that explains the setbacks you have encountered leading to your present financial position.
- Debt escalation may be the main/sole reason but there is no doubt that creditors can relate more readily to identifiable reasons such as illness, unemployment, loss of spouse's income, etc.
- This explanation may be as imprtant in encouraging your creditors to accept your repayment Proposal as the amount that they will receive.
IVA Menu
- IVA (Individual Voluntary Arrangement) Overview
- Starting an IVA
- The IVA process
- IVA Monthly Payment
- IVA Pros and Cons
- IVA FAQs - Frequently Asked Questions
- Starting an IVA
- The IVA procedure
- What is an IVA?
- IVA Enquiry Form
- How to start an IVA
- Who can an IVA help?
- IVA's - Facts & how they work
- Benefits and Advantages of an IVA
- Who can an IVA help?
- IVA - Help and information
- How an IVA works
- IVA - Estimated timescale
- The IVA approval process
- The IVA criteria
- Bankruptcy or IVA
- IVA - What are the costs involved?
- IVA - The documentation required
- IVA - Download forms
- Sample IVA proposals for PAYE worker
- IVA - Guide to creditors Fees
- IVA - Standard Terms & Conditions
- Individual Insolvency Register
- IVA
- IVA lifestyle
- Debt free after an IVA
- Is my home protected in an IVA?
- Chances of IVA rejection
- Keeping my car
- Credit rating after an IVA
- Credit report and the IVA
- Professional accreditation in an IVA
- IVA conclusion
- IVAs and meetings
- Change in circumstances whilst in an IVA
- IVA benefits for creditors
- Failed IVA payments
- IVA Case Studies
- Benefits of an IVA
- Implications of an IVA
- After an IVA - the end of an IVA
- IVA Help
- Best Debt Solution
- Proposed changes to individual voluntary arrangements (IVAs)
- What happens after an IVA fails?
- IVA Guide Centre
