You can keep your bank account with A&L, but as you say, the overdraft would have to be removed.
Your mobile phone contract will be ok as long as the monthly bill is not too high.
You may be able to keep your car as well, as long as you could finance the payments as well as your IVA payments.
I recommend that you contact an IP for advice Visit www.iva.com for a list of companies or reviews, or visit the expert link on the left hand side of the page here. There are a lot of professional experts who post on there who come highly recommended. Give one or two a call and they will go through all your options with you and advise you as to the best way forward.
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
Your bank account ought to be safe, as will your car so long as you agree to make the ongoing HP payments as an expense of the IVA. Your mobile phone contract should also be fine so long as you maintain the repayments.
Have a chat with more than one - this will give you a feel since you have to work with them for 5 years. Good luck.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Keep us posted leetay, and don't forget that we are here for support or advice most times of the day.
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
