Just a warning - if you are on an IVA at present DO NOT trust a letter you would of probably already received or you will soon from this company, they are a fraud!!! nBE CAREFUL!!! nTheir website is a clone of some other debt management company.ncheck out the following - nhttp://www.moneysupermarket.com/community/forums/t/the-iva-council-do-not-believe-their-claims-12677.aspxnhttp://www.debtquestions.co.uk/debt_forum/viewtopic.php?f=4&t=21367

I work for a bank and am looking into getting an IVA - How will this affect my job??

I originally received a £3k bonus in April this year and I spent £1.5k of this bonus back in May as I had to move out of the rented accommodation I was in and I purchased some furniture etc for my new flat. The remaining money was to be paid over to the IVA administrator however due to my vehicle having to be scraped in October because it needed a new the engine I purchased a replacement automobile for £1.1k will this be acceptable to the creditors ?? I have the remaining £400 to be paid over. I have no more money i can pay over. i pay £500 per month into the IVA and have never been late or missed a payment.