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Using savings
Posted: Mon Apr 05, 2021 6:25 am
by clare357
Can you settle your IVA with your own savings ?
Re: <t>Using savings</t>
Posted: Mon Apr 05, 2021 7:40 am
by kallis3
Where have these savings come from? How much would you need to do a full and final offer?
Re: <t>Using savings</t>
Posted: Mon Apr 05, 2021 8:09 am
by clare357
Hi the savings have come from my wages I haven't used, I have £6000 left to pay
Re: <t>Using savings</t>
Posted: Mon Apr 05, 2021 8:36 am
by kallis3
Are these due to your share of overtime or from allowances you didn't use.
Re: <t>Using savings</t>
Posted: Mon Apr 05, 2021 9:18 am
by Foggy
If these savings have come from your share of overtime and bonuses I can see no issue. The IP, however, might take issue if these have been saved from agreed expenses. This sort of saving capability would indicate that your I&E has been calculated incorrectly and you have been allowed expenses that you didn't actually incur.