IVA rejected - bankruptcy question

Get expert opinion. This is the place for new questions to be posted.
2 posts Page 1 of 1

green

User avatar
Posts: 2
Joined: Thu Feb 06, 2020 12:45 pm

Post by green » Thu Jul 16, 2020 5:41 pm
Hi. Not really an IVA question, but I had my IVA rejected and so really my only option is to declare bankruptcy. I opened a Co-op basic bank account in preparation for my IVA that I have been using for the past several months. It is now my only bank account. What happens when I submit my bankruptcy application? will i lose access to the Co-Op account? what about the DD's I have set up for rent, utilities, council tax etc Really appreciate any practical advice on what the process involves and what preparations I can make so I can still pay my bills and buy food

Foggy

User avatar
Forum Expert
Posts: 31378
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Thu Jul 16, 2020 6:04 pm
Is BR the only solution ? Why was the IVA rejected ? What sort of debt level are we talking ?

The bank account will be frozen to the order of the OR for a short while.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk
2 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”