www.iva.co.uk

Hi all, I had an overdraft on my account as I stupidly did not think it would be wrong, Im guessing this will cause a breach and is there anyway out?

You would need to repay the O/D and remove any O/D facility from your account. It might be possible to negotiate a payment break to cover the O/D ( this will be tacked back on at the end of the IVA ).

I have paid it back already by shuffling expenditure (beans on toast for awhile) and the OD has been removed from the account, its my first annual review this month my IP supervisor wanted last 3 bank statements and a OD charge shows up on my OCT one.

You should be OK -- the breach has been remedied.

Thank you

I would submit your bank statements and be ready to explain if asked. Put money on it you won't be asked though ....

Well done for sorting it out so quickly

Sun Jan 10, 2021 7:09 pmluluj wrote:

I would submit your bank statements and be ready to explain if asked. Put money on it you won't be asked though ....

Well done for sorting it out so quickly

I have submitted them the OD was removed in sept its just a charge shows in Oct

I also think you will be ok.

Thank you everyone I hope you are all right and they dont fail me.

Should I call and speak to my supervisor or hope they dont mention?

Personally, in this case, I would not go waving sharp sticks around a sleeping bear ! They may well not notice.

Makes sense I guess

Sorry for all the questions im just worried they will fail me.

Think positive - I am sure it will be ok.

It was not mentioned, my thanks again.