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Will the IP check my savings account when I enter IVA?
Posted: Mon Mar 23, 2020 3:38 pm
by Dan.m
Hi, I'm about to enter an IVA but in my savings account i have £2000. This is my rainy day funds. My car is on the verge of giving up. Will they check my savings account or have to declare my saving accounts?
Re: <t>Will the IP check my savings account when I enter IVA?</t>
Posted: Mon Mar 23, 2020 3:42 pm
by Foggy
I don't think they will check (but wouldn't bet on it !) -- but it should be declared. If it comes to light further down the line it could be awkward.
Re: <t>Will the IP check my savings account when I enter IVA?</t>
Posted: Mon Mar 23, 2020 3:44 pm
by kallis3
I agree with Foggy.
Re: <t>Will the IP check my savings account when I enter IVA?</t>
Posted: Mon Mar 23, 2020 4:40 pm
by Lisa Thomas
This should have been declared so I recommend you tell your IP and be prepared to pay the monies over.