Frozen bank account

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Post by karen552 » Mon Nov 04, 2019 4:59 pm
Hi wondering if you can help, started with IVA a few months ago, had 2 bank accounts in same bank in overdraft one not, opened a new bank account with different bank using switch service and of course on switch day the old bank swallowed up my wages and I was left with nil , had to fight tooth and nail with IVA company to get them to sort it, eventually sorted which left 2nd bank account with old bank still open, was told ...oh you can keep that open and just use it as you want to come and go, so finances were slightly better I started putting money into the account, but so did my partner he was putting big sums in and using it in good faith, I goes to draw out the money and low and below there is a block on it , the bank saying they can't unfreeze it unless IVA co sorts it they of course are saying they can't do this, any advice please


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Post by Foggy » Mon Nov 04, 2019 5:05 pm
Bank accounts are NOT routinely frozen to the order of the IP in an IVA. They are using Bankruptcy protocols --- which this is not ! Tell them to get their act together -- if they insist it might be easier to get the IP to put them straight.

It is never a good idea to keep an account open with a creditor bank --- as these things do seem to happen !
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 kallis3 » Mon Nov 04, 2019 5:20 pm
I made sure ours were closed! Anyway your husband can pay into your new account while this is sorted? Which bank are we talking about?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
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