I am in an IVA, which is not good for me

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David Mond

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Post by David Mond » Mon Feb 16, 2009 6:23 pm
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I don't think you will have any problem in keeping your existing car, since as each day goes by it is worth less and less, so don't worry.
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.
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Skippy

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Post by Skippy » Mon Feb 16, 2009 6:49 pm
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If you need a car for work you shouldn't have a problem keeping it, and as David said yours is losing value by the day.

Good luck, and if you have any questions please post and someone will be able to help x
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mumfop

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Post by mumfop » Mon Feb 16, 2009 7:20 pm
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Thanks to Jan, David and Skippy13. Very helpful comments again. Thank you all for helping me to decide what to do and how to do it. Fully recommend that any confused souls should visit here and gain from the wisdom, support and sympathy on offer. Thanks again. Paul & Boss (I know who is in charge in my house !!!).
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kallis3

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Post by kallis3 » Mon Feb 16, 2009 7:34 pm
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Glad you are happily sorted now Paul.

Any other advice or support, we are always here.
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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mumfop

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Post by mumfop » Tue Feb 17, 2009 5:04 pm
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Hi All
Just a last thought, does anyone know how the insolvency service deal with cash in bank in relation to bankruptcy? Are you allowed to have any? Are you allowed to keep any? Appreciate any help. Paul & Boss.
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Julie

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Post by Julie » Tue Feb 17, 2009 6:16 pm
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Hi Paul & Boss [:D]

The official receiver will ask you how much in your accounts - we explained ours was for impending bills. As long as you can justify it. The account maybe frozen, not by the OR but by your bank, so be prepared to have to find an other account.

xx
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mumfop

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Post by mumfop » Tue Feb 17, 2009 7:40 pm
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Thanks Julie. Very helpful. Thanks everyone. Best of luck to everyone whatever your circumstances. Paul & Boss.
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