That is not great advice, as your IP must be aware that banks cannot set-off debts once an IVA has been put into place. Are you sure it was the IP who told you this, or just a member of their staff? Hi Melanie The person i spoke to is supposed to be our advisor at the iva company,she said that lloy...

Hey pharmacist, welcome to the forum. As you are in an IVA, they cannot raid your account and offset funds. They can, at any time, close your account though but I doubt they will. X Hi Viki thanks for reply, its quite worrying when your iva supervisor says they can raid your account and that you ne...

i am into my third year iva and openened a new bank account prior to iva with halifax one of my main creditors is lloyds tsb I am worried now that they propose to merge that they may raid my halifax account or close it . My iva company advise that they could freeze funds from the halifax account but...