Bank account after completion of IVA

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Leo

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Post by Leo » Mon Aug 27, 2018 2:03 am
Hi,

My lum sum IVA is complete. I still have one bank account with the bank i had debt with and one account with bank i dont owe anything which i use mostly.

My question as my IVA is now complete , Can i use the bank account of the bank which i owed money before without the fear of they can withdraw money to settle debt?

Many thanks in advance

luluj

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Post by luluj » Mon Aug 27, 2018 4:58 am
In theory yes as you have cleared the iva ..have you got your completion certificate ? If not I may be tempted to wait until then so that you have the evidence to show it is cleared - but remember it is in the small print that banks can close accounts at anytime.
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Leo

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Joined: Sat Jan 20, 2018 12:12 pm

Post by Leo » Mon Aug 27, 2018 5:25 am
luluj wrote:
In theory yes as you have cleared the iva ..have you got your completion certificate ? If not I may be tempted to wait until then so that you have the evidence to show it is cleared - but remember it is in the small print that banks can close accounts at anytime.
Thanks for your reply.

Yes I have got the certificate and can produce as evidence.

Its just I want to start using that account and dnt want money to disappear.

If they close account ever, I should get the amount in the account back.

Foggy

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Post by Foggy » Mon Aug 27, 2018 7:59 am
I would suggest using the account for a few small things for a while and see how it goes.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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