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Posted: Thu Oct 16, 2008 10:40 am
by geoffw
Morning, how much are you allowed to have in your current account for bills ect, is there a set amount,£500/£1000 ECT
Posted: Thu Oct 16, 2008 11:10 am
by MelanieGiles
There is no set amount you are allowed to retain in your account to meet ongoing bills, but clearly if you are in an IVA and are building up a large cash balance then the calculation of your disposable income payment may be questioned.
Posted: Thu Oct 16, 2008 4:15 pm
by helpIVA
Good question!
What much could you have in our a/c if you were to go BR?
Posted: Thu Oct 16, 2008 4:27 pm
by Skippy
The same answer applies if you are BR. You need to save your allowances, so providing you don't have thousands there won't be a problem. Also, I have never had to send the OR any bank details for my new (post BR) account.