With an IVA, do you lose your bank account?

2 posts Page 1 of 1
Post Reply
 
 

ady

User avatar
Posts: 1
Joined: Mon Jul 02, 2007 5:10 pm
Location:
Post by ady » Mon Jul 02, 2007 11:09 pm
Quote
With an IVA, do you lose your bank account? my wages are paid directly into mine.
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Mon Jul 02, 2007 11:11 pm
Quote
Hi ady

If you hold your current account with a bank to whom you also owe money, they will set-off the monies in your current account against that which you owe. To avoid this happening, it is best to set up an account with a non-creditor bank before commencing the IVA process.

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
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
2 posts Page 1 of 1
Return to “new bank accounts for IVA”