www.iva.co.uk

I HAD A LOAN WITH THE HALIFAX (MY DEBTS ARE NOW WITH PAYPLAN). I RECENTLY SOLD SOME SHARES I HAD WITH MARKS AND SPENCER AND THE CHEQUE WENT INTO THE HALIFAX ACCOUNT I USED TO HAVE.I AM AWARE THAT BANKS CAN KEEP ANY MONEY THATS IN THE ACCOUNT TO GO AGAINST ANYTHING THAT IS OWED TO THEM.THE ACCOUNT I HAD WAS CLOSED IN MARCH 2008.IS IT WORTH TRYING TO GET THE MONEY BACK?

I doubt it Hmetal.

Halifax were one of my creditors and I used to have my family allowance paid into a savings account. I went to close it, and they had taken the £34 out to 'offset' against my debt, which was £23,000!!!!!!!!

I presume Halifax closed the account? If that is the case, they will have taken the money.

Are you in a debt management plan or in an IVA?

I assume that you are in a DMP? If so, you have no legal protections from these types of transactions and it will be a worthless exercise asking for the money back. Presumably you were asked where you wanted the money to be sent by M&S?