The money we put aside each month for emergencies and things such as car maintenance which we don't need every month, can we put this in to a savings account? I don't like to think of cash sitting in the house.
We will have to send in bank statements at our annual reviews. If we haven't had to use the emergency savings for that year (touch wood) would they expect us to pay the money over to the IVA?
Many of us use savings accounts for such things, and IP's do not usually want to see statements of savings accounts once the IVA has started.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Visit my blog here : http://foggy.blogs.iva.co.uk/
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.