Hi, I am thinking of applying for season Ticket loan provided by my employer to buy an annual bus pass at £950. It is an interest free loan in a form of cheque which is payable to bus company, after that a 12 monthly wage deductions will be made. Do you think I am allowed to get one while in IVA or not? Many Thanks.
As it would, on the face of it, reduce your travelling costs and, possibly, therefore, increase your disposable income, I would see this as a benefit to creditors, so the IP might allow it ... however, the dynamics of income and expenditure would mean no benefit for you in the grand scheme of things.
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