would modest savings be effected by doing an IVA ?

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Post by David.tt » Sun Aug 15, 2010 9:48 pm
Hello again, If you have modest savings in a building society would that be effected by doing an IVA ?


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Post by Shining » Sun Aug 15, 2010 10:03 pm
I'm assuming you're not in an IVA? I would guess and it's only a guess that it would depend what modest is? It's always advisable to have a little contingency behind you when entering an IVA as you never know what's around the corner. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.


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Post by Skippy » Sun Aug 15, 2010 10:10 pm
Lesley's right, it will depend on how much you have saved. You will need to declare this to your IP and they will be able to advise you.


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Post by MelanieGiles » Sun Aug 15, 2010 10:30 pm
Savings are assets and would need to be declared and perhaps handed over depending on the amount in the account.
Regards, Melanie Giles, Insolvency Practitioner
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