When does my IVA officially start?

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by kez » Mon Apr 30, 2018 9:27 pm
I have a date set for the meeting of my creditors. Does my IVA start when the creditors accept the offered payments? Or does it officially start from my initial application? The meeting is 2 weeks away but I get paid tomorrow and my wage includes untaken holidays that have been paid in a lump sum, worrying a bit.
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by Foggy » Tue May 01, 2018 6:58 am
It starts on the day the creditors accept it. Depending on the amounts involved the payment might still have to be declared as an asset that you hold prior to the IVA. If it is in the thousands it might be an issue .... less would bring sleeping dogs to mind.
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