How does holding shares/income affect IVA's?

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mye

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Post by mye » Tue Apr 17, 2007 3:04 pm
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How does holding shares/income affect IVA's?
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Adam Davies

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Post by Adam Davies » Tue Apr 17, 2007 4:13 pm
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Hi Mye
If you hold shares then these will normally have to be sold to go towards your IVA.
If your income increases then this too will have to go into your IVA less any extra expenses that you incur due to your salary increase[such as extra travelling costs]
regards

Andy Davie
IVA.co.uk Spokesperson and site manager
(aka Neverending)

Please check out my blog: http://andydavie.blogs.iva.co.uk

View my profile here:
http://www.iva.co.uk/andy_davie_profile.asp
Andam Davies
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MelanieGiles

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Post by MelanieGiles » Tue Apr 17, 2007 4:22 pm
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Shares are an assets which would be taken from you and sold under bankruptcy proceedings, so creditors will expect these to be included within your IVA proposal. Are they shares which are due to mature in the future which are bought via your payroll?

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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