www.iva.co.uk

hiya im currently in an iva with myvesta..i owe my creditors about £13000.00. ive heard about how you can claim back bankcharges and was wondering if i was successful and claimed back charges weather it would effect my iva at/i owe my parents some money too that i didnt include in the iva and i would like to pay them back first?

Hi
Any refunds from bank charges will have to be paid into your IVA.Also all debt,including family should be disclosed in an IVA.
Regards

Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp

Hi worker

If you have the ability to claim back bank charges, and are successful, then it is likely that the bank (who I assume are also a creditor in your IVA) will merely reduce their claim. If this is not the case, then Andy is correct and the money will be captured for the benefit of creditors generally.

You must not keep the money and use it to pay your parents.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk