Bank accounts and IVAs

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Dominic

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Joined: Sun Sep 24, 2006 4:00 pm
Location: United Kingdom
Post by Dominic » Sat May 19, 2007 11:46 am
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When you begin an IVA you really need to setup an alternative bank aco**** if your current bank is on of your creditors, I cannot emphasize the importance of this, get a basic account or a non credit/debitcard account setup as soon as you can and transfer all salary/wage payments into ti.

If your current bank is one for your crditors, the chances are they will freeze the account and seize whatever money is in there.
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