Sorry i meant like natwest was the bank that gave me a loan last year jan 2019 for 20k.
This year june 2020 i am applying for iva will they check how the loan was spent once they recieve my iva proposal
What the banks do is very much up to each bank. However, with the current pandemic taking up much of their resources, I expect trawling bank accounts to see what you are spending on is unlikely to be a priority.
The IVA becomes legally binding if and when it is accepted by creditors at the initial creditors meeting.
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