Can I save in an iva?

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Post by patrick800 » Tue Feb 25, 2020 6:04 am
Hi I'm currently in an iva and was wondering if I could save while in it?


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Post by Foggy » Tue Feb 25, 2020 7:34 am
If your I&E has been done correctly you will not be able to save much, apart from the allowances for car repairs and emergencies, to await those repairs and emergencies, as well as your share of overtime and extra income. Most IPs ( though a rare few have different ideas) will allow modest ( a few quid here and there) savings. But, if you amass too much, they will consider the allowances granted to be too generous and, possibly, amend this at review.
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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Post by Lisa Thomas » Tue Feb 25, 2020 12:42 pm
It depends where the savings are coming from?
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: ... Z5k9ZcC2MA 01752 786800
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