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Completed IVA advice
I commenced with an IVA in 2019 and after 4 years was able to offer a full and final payment. The IVA has been settled for almost 1 year now.
My question is… my partner has some savings in an isa, but more recently has been given a gift by her friend who’s won the Euro millions 2 weeks ago. Our plan is for me to open a cash isa and store some of the gift there, as we can invest £20,000 this year in my name. The worry I have is we have seen a cash isa with trading 212 which offers a great interest rate, but they hold the money in 3 different banks, one being Barclays. I had large debts with Barclays which are obviously now written off.
if I were to open an isa, could they take the money away from us after the completion of the IVA?
My question is… my partner has some savings in an isa, but more recently has been given a gift by her friend who’s won the Euro millions 2 weeks ago. Our plan is for me to open a cash isa and store some of the gift there, as we can invest £20,000 this year in my name. The worry I have is we have seen a cash isa with trading 212 which offers a great interest rate, but they hold the money in 3 different banks, one being Barclays. I had large debts with Barclays which are obviously now written off.
if I were to open an isa, could they take the money away from us after the completion of the IVA?
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Comments
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No, they could refuse your business. They could report you for further investigation, but your liability for that debt ended when the IVA completed0
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