www.iva.co.uk

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

Hi Norm and welcome to the forum.

I don't know the answer to the question, but one of the tecnical experts will be along to advise shortly.

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.

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

welcome and good luck Norm i hope you get sorted and your employer is understanding and supportive to you.

Norm - that should be fine as the account is actually with a different lender now. Do be sure to let us know how you get on.

How does it work in an IVA with joint income? all the debts are in my name but we have joint income

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.