how much can you have in your current ac.

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geoffw

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Post by geoffw » Thu Oct 16, 2008 10:40 am
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Morning, how much are you allowed to have in your current account for bills ect, is there a set amount,£500/£1000 ECT
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MelanieGiles

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Post by MelanieGiles » Thu Oct 16, 2008 11:10 am
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There is no set amount you are allowed to retain in your account to meet ongoing bills, but clearly if you are in an IVA and are building up a large cash balance then the calculation of your disposable income payment may be questioned.
Regards, Melanie Giles, Insolvency Practitioner
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helpIVA

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Post by helpIVA » Thu Oct 16, 2008 4:15 pm
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Good question!
What much could you have in our a/c if you were to go BR?
Little steps at a time - its getting clearer
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Skippy

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Post by Skippy » Thu Oct 16, 2008 4:27 pm
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The same answer applies if you are BR. You need to save your allowances, so providing you don't have thousands there won't be a problem. Also, I have never had to send the OR any bank details for my new (post BR) account.
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