How would a IVA affect my employment etc ?

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deprima

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Post by deprima » Mon Sep 19, 2016 7:00 pm
How would a IVA affect my employment, My Landlord and Bank account?
 
 

Foggy

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Post by Foggy » Mon Sep 19, 2016 7:07 pm
As long as your employer has no "anti debt solution" clauses in your contract you should be OK. Your landlord need not know as you will continue to pay rent as normal from your agreed allowances. Your bank account might need to be changed if you are with HSBC of First Direct or if you owe any money to the bank or members of it's group of companies. Most of us get a basic bank account with the likes of the Co-Op (Cashminder) or similar.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

kallis3

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Post by kallis3 » Mon Sep 19, 2016 7:08 pm
Hi and welcome,

Your bank account should be ok but I do advise that you open a new one not associated with your creditors. The Co-op come recommended.

Your landlord should be ok as he won't be informed and as to employment, it does depend on what line of work you are in.
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
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