Will the IP check my savings account when I enter IVA?

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Dan.m

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Post by Dan.m » Mon Mar 23, 2020 3:38 pm
Hi, I'm about to enter an IVA but in my savings account i have £2000. This is my rainy day funds. My car is on the verge of giving up. Will they check my savings account or have to declare my saving accounts?

Foggy

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Post by Foggy » Mon Mar 23, 2020 3:42 pm
I don't think they will check (but wouldn't bet on it !) -- but it should be declared. If it comes to light further down the line it could be awkward.
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

kallis3

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Post by kallis3 » Mon Mar 23, 2020 3:44 pm
I agree with Foggy.
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.
http://kallis3.blogs.iva.co.uk

Lisa Thomas

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Post by Lisa Thomas » Mon Mar 23, 2020 4:40 pm
This should have been declared so I recommend you tell your IP and be prepared to pay the monies over.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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