IVA Squirrel - Can I have a bank account if I am in an IVA?

IVA Squirrel - Debt and IVA Advice from an IVA Expert

Can I have a bank account if I am in an IVA?

	Yes. Although if you would like to use an overdraft, you would need to discuss this with your Insolvency Practitioner first. However, it is worth highlighting that you will need to open a fresh bank account if you owe your bank money.

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Write off up to 75% of debt

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Find out if you can do an IVA:

Total debt (not including mortgage)

£
(number only)

No. of Creditors (Companies you owe money to)

£
(number only)

Monthly Income (approx)

£
( number only)

Monthly Expenses (don't include debt repayments)

£
(number only)

Own your own home?__ Yes No


	This wizard will tell you whether the IVA is the right solution for you, what the monthly repayments would be and how much of your debt an IVA would write off. If an IVA isn't the right solution then the wizard will recommend 1 of 3 other possible options.