MY car

[amir]

I am going to apply IVa.
First i have a car worth 5000-6000.
I am going to lose it in iva if i apply for it.
Is natwest bank links to othr banks?i have plan change y nank from loyds to natwest becasue debt to lloyds?
what is best advise in frist step.
this month is first month i ca not affod to pay back to nabks and cards.

If in next few month i change my job to CAB driver whats going happend to my IVA and is going to take my car even I sue the car for CAB driver

look for ur advise.

[Adam Davies]

Hi
Your car should be safe in an IVA.
Natwest will be fine to use for a new account,make sure that it is a basic account,or you could use the Co-op bank and their cashminder account.
If you change jobs during an IVA you will need to advise your IP.
If you are planning to change jobs in the next month or two I would hold back on your IVA until you are settled in your new job
Regards

[iva experts]

Hello Amir,

Your car should be ok in an IVA, however it is in the high end of what is allowed so be prepared that creditors could ask you to downsize if there is not specific reason as to why you have such a valuable car.

Will you be a self-employed Cab driver? This could change things as you would need to provide documentation and as you would have just started this will be difficult to know what your projected earnings would be.