Checklist
•Ensure that you fully complete the CFS and that the DCO is complete, accurate and sustainable.
•Ensure that you have included all income and expenditure. This is in case the AiB disagrees with any of the expenditure and varies it downward leaving a contribution.
•Complete a full budget with the client and do not ignore any expenditure that should be included just because the disposable income is at zero. If the budget is in negative, it shows a clearer picture of the client’s situation.
•Get someone to check the application before submitting it if you are new to debt advice.
•If you have any issues or are uncertain about anything, contact MATRICS or the AiB and run it past them.
•Make sure you advise the client about gratuitous alienations, unfair preferences and acquirenda and check to make sure FAB is the correct solution for the client over the long run.
•Check to see if the client may inherit or come into any assets within the next 48 months.
•The AiB guidance notes for trustees are an excellent place to look and simple to read.
•If in doubt, seek advice from a more experienced adviser.