I have to declare my assets in Spain please?

3 posts Page 1 of 1
Post Reply
 
 

adrian.a

User avatar
Posts: 1
Joined: Fri Aug 15, 2008 8:07 pm
Location:
Post by adrian.a » Fri Aug 15, 2008 8:07 pm
Quote
I am a UK resident who lives, works and rents in the UK, and owns a property with some equity in Spain.
If I enter into an IVA in the UK, do I have to declare my assets in Spain please?
Top
 
 

kallis3

User avatar
Forum Expert
Posts: 77175
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom
Post by kallis3 » Fri Aug 15, 2008 8:09 pm
Quote
Hi Adrian and welcome to the forum.

Yes, if you go for an IVA, you will have to declare your property in Spain.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Fri Aug 15, 2008 8:56 pm
Quote
Kallis is correct - you have to make an honest declaration of all assets on your statement of affairs wherever they are located around the world.

How much do you owe to your creditors and how much equity is there in the Spanish property - bearing in mind the markets are tumbling over there?
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
3 posts Page 1 of 1
Return to “postings for august”