question category: IVA

Please give advice on the following IVA question.
Submitted on: 26th Feb 2009 by Non-Member | Total Answers: 1

Hi. I am about to enter an IVA after years of trying to pay for my miss spent youth. I am looking to emigrate to Australia, and will need to save and sell things to fund my move. How much money can I save without my previous creditors wanting the money I will need?

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Re: Please give advice on the following IVA question.

I think there's an official and an unofficial answer to this question. Officially we'd say that you need to tell you IP about all changes in income. Unofficially, if you can afford to put some money away for a rainy or soon to be sunny day in an account that is not yours it sounds like a great thing to be doing.

Submitted on: 28th Feb 2009 by TA Member

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