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Posted: Sat Jun 30, 2007 3:45 pm
by redgirl
I work for a financial company,Royal Bank of Scotland and also have a previous debt with them,can I still take out an IVA?
Deborah McCarrick
Posted: Sat Jun 30, 2007 4:41 pm
by Adam Davies
Hi
You will need to study your terms and conditions of your employment as your job may be affected if you enter into an IVA
regards
Andy Davie
IVA.co.uk Spokesperson
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Posted: Sat Jun 30, 2007 11:53 pm
by MelanieGiles
Hi there
You will need to find out whether having this debt will affect your employment with the Bank if you were to enter into an IVA. I have acted for many people in your situation, and generally exclude employer debts in order to preserve your continuity of employment. But this will need to be fully explained to all of your other creditors so that they are aware that this creditors is being preferred at their expense.
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
For further details contact me at
http://www.melaniegiles.com and view my IVA blog at:
http://melaniegiles.blogs.iva.co.uk