We all struggle at times in our ivas and it's not for everyone but it should be dealt with at IP level if there is a problem.
However, there is nothing stopping people having a second account to put across any savings they can make from their allowances.
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
Sorry orange, but where in this thread do we make out IVA's to be wonderful ? I think we generally accept that an IVA isn't a bed of roses, but it's often much better than the financial purgatory that went before.
As for hiding accounts, and the do what you have to -- it might work for some -- others might get caught out after 4 years hard slog to get thrown back to the wolves for non-compliance.
Yes, do what you need to do -- but be aware of the potential consequences.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
sorry foggy ...knew my thoughts would cause trouble,i meant generally that posters give a wonderful picture ,and yes agree that hiding has problems ,but also think that we should be allowed to be honest in our views to posters ...and all i said is i understood why you might have to hide an account .like many posters we struggled in our iva and when we asked our ip for help wasnt interested at all ,when i got pregnant they were of little help in reducing our iva !.they were shocking if im honest.!
all im saying dorothy is you do what you have to, to get by ,although i have to agree that your right foggy about worrying if you get found out ,but if need must good luck x
I agree, Orange, that some IP's are like chocolate teapots, and must admit that if you get one of those it encourages you to be creative. But, unfortunately, the chocolate teapot will also be next to useless helping you overcome any problems you might cause with that creativity.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
I don't really think its worth taking the risk of hiding anything although I'm sure some do and get away with it. The possibility of being caught out and then back to square one or worse just isn't worth the risk.
I think honesty is the best policy, be up front no nasty surprises.
My IVA is far from being plain sailing in the early years and coming up to a tricky time again (hubby op 13th April) but I'll get through it with the assistance of my IP.
I built up a trust with my IP (Melanie) and I hope she has with me. I'm honest with her and she helps me when things are difficult and when things are running smooth she is genuinely pleased for me but I know is on hand to offer help/reassurance or guidance if I need it.
An IVA is a good solution for some but not suitable for all and a good IP in the initial interview will tell if it's not a suitable solution for you. I say good IP as sometimes on the forum we see posts where maybe an IVA wasn't a good solution for a poster and then it's evident sometimes we're sold an IVA just because!
Do you homework prior to entering one is key but again sometimes desperation of grabbing a solution takes over.
At the end of the day remain honest!
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
If this is a interlocking IVA then yes I would declare it ,
but if the partner is not in the IVA and it has been accepted by the IP that they are paying there share of the household bills then I cannot see a problem.
If life is what you make it, I must have been in a strange mood when I made mine
If it's just a single IVA and my Ptn say won the lottery, would I say anything I suppose no (fat chance of that happening)
And my reason for this is Some IVA's have just become greedy with this business of holding up IVA closures, what appears to be aggressive slightly forced PPI claims and I believe some posts have had things held up on personal injury claims and just generally skinning the life out of it.
If the core values of fairness in the IVA start to fail, then it's going to cut both ways and it is with regret I agree with orange that maybe you do what you have to do and that's a shame
If I was in a single iva and my hubby won the lottery then I know he would pay off my debts.
I think we will have to agree to disagree on this one songs. I dont think anything should be hidden at all regardless. Sort out any problems without resorting to hiding things.
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
I agree this is a matter for the OP's conscience but the consequences of being found out are severe and it's not something I would risk.
Ivas aren't a bed of roses but my life has improved immeasurably because of the iva and going without a few luxuries for a few years is worth it in the long run.
