Bank account frozen

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jack153
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by jack153 » Thu Jan 31, 2019 7:56 am
My brother has just had an iva implemented and a bank account hadnt frozen until he tried to transfer money through it to another account to pay out some debt, to myself, a plumber and for a hire purchase agreement. The bank account have frozen this account with the money he sent into it. Can he get this money back? He transferred it into his wife's account who is also in the iva. Any advice is much appreciated. Thank you.
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Foggy
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by Foggy » Thu Jan 31, 2019 8:09 am
Why did they freeze the account ? Have they told you ? Sometimes it is because they have mistakenly treated the IVA the same as bankruptcy. Sometimes they will close the account, but the funds should be returned.
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kallis3
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by kallis3 » Thu Jan 31, 2019 8:36 am
Which bank is it? HSBC and First Direct are well known for freezing accounts. Did you open a new bank account when you went for the IVA?
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