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I have an iva and they take money every month from my bank account. i am going to be coming in to some money,?

if i open another bank account can they touch this money.

I started an IVA about three months ago. Previous to that I opened another bank account. No is the short answer what ever is in your new account is yours. Your old one will be froze and you wont get access to it. Justy be careful when getting into an IVA I reclaimed bank charges successfully from my previous bank "Halifax" but they put my refunded charges into my frozen account so I couldnt get them anyway. Now the money is seen as a "windfall" and as such becomes the property of the IVA company who in their honesty are keeping it all. My advice is reclaim any bank charges first, get your money back then if you still want to go ahead with an IVA you will have got your money back first. If you need any other questions answered please ask.

Yes, that's what you should do because organisation that demand money out of you don't care about your needs, they will often leave you with enough to pay for rent and food and nothing else.

When my mother died, I lost out because the thieving gypsy b*stards that they are wanted that money and at the time I was receiving benefits and my benefits stopped so I though next time around, f*ck em, I'M keeping it.
you have an IVA because you are unable to pay money you owe.

fairs fair, you borrowed, now you can afford to pay back!!

speak with the IVA ppl and see what they say. chances are you will have to hand over a portion of it. - even if you just tell them you 'may' be coming into some cash.

Failing to do this honestly can result in a breach of your IVA which will in turn leave you then you will be back in a heap of debt, plus probably a court action suit.

Think carefully about this, sure it is good to have some cash coming in, but you stand to lose a heck of a lot if you get busted.
You need to refer to your copy of the IVA proposal - it may well refer to windfalls and may require that you use the money to pay your creditors (to a maximum of 100% of the debt) Your Insolvency Practitioner should help you with all your questions.
Feel free to see the FAQ's on www.x-debt.co.uk
Hi the answer as said is yes you will have to pay it towards the iva. It is classed as a windfall, depends on what is in the proposal sometimes you get to keep the first 拢500 anything over that is theirs, up to the full debt amount and including interest at about 8% plus Ip fees. Not the news you want to hear but as said you borrowed and if in a position to pay it back you should. I may be in the same position at sometime but if it wasnt for the iva you would have to pay it on the bills so where is the difference really.

All the best