Will both my accounts be required at annual review?

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john203

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Post by john203 » Wed Mar 17, 2021 12:02 pm
Hi I'm on my second month of iva but I have 2 different bank accounts. One for my income and expenditures and the other one for savings. So I would like to know please, at the end of my annual review, Will they review the main account or both?

kallis3

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Post by kallis3 » Wed Mar 17, 2021 12:20 pm
You will need to speak to your IP but I imagine they will want to see how you have been managing to make savings. If this is from your allowances then you should be ok but only they can tell you.
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.
Bob Marley.
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Foggy

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Post by Foggy » Wed Mar 17, 2021 1:57 pm
During my IVA I held two accounts. Account 1 was where my salary went in and all bills and DDs came out. Account 2 was the shopping account where I put the various expense allowances. As the IP could see where this account 2 money had come from on my account 1 statements, they only ever asked for the main account statements.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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