Hi
Anyone got experience of applying for an IVA when you work for a bank or building society? I'm aware that I'd need to inform my HR but it may prevent me doing my job as while I'm not involved in regulated selling there is a "fit and proper" status that I need to adhere to
I don't know the answer to the question, but one of the tecnical experts will be along to advise shortly.
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
I have several clients in IVAs with my practice who work for banks. Just make sure that you comply with all HR and contractual matters before making your application. Do you have any debts with the bank which employs you?
Yes - it depends in what position or department you work in with the bank.Check with them first.
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.
MelanieGiles wrote:
I have several clients in IVAs with my practice who work for banks. Just make sure that you comply with all HR and contractual matters before making your application. Do you have any debts with the bank which employs you?
Yes although it's "branded" credit card which is no longer issued and provided by a different bank
Your creditors will expect your partner to contribute his/her disposable income as well, on the basis that they will believe that he/she has shared from the debts which are in your sole name. If this is not the case, then you need to ensure that this is made clear to creditors, but expect it to be a difficult argument to win on the day of the creditors meeting.
