if i come into any money do i have to declaire it

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darren.l

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Post by darren.l » Fri Jun 29, 2007 7:54 am
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if i come into any money do i have to declaire it
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MelanieGiles

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Post by MelanieGiles » Fri Jun 29, 2007 8:20 am
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Hi darren and welcome to the forum

Yes - assuming that you have standard windfall provision as part of your proposals.

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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iva_squirrel

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Post by iva_squirrel » Fri Jun 29, 2007 12:20 pm
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Hello Darren,

Your IVA will include a 'windfall' clause. Any assets, including lottery wins, bonus payments, gifts or inheritance have to be declared to the Supervisor and paid into the IVA for the benefit of the creditors.


If your financial position changes for good or bad it is important to keep your chosen Insolvency Practioner up-to-date.


Kind regards,

Julia Simavi

Shortlisted with special commendation for Debt Counsellor of the Year by Credit Today Awards 2007

View my profile:
http://www.supersonicsquirrel.net/julia ... rofile.asp

Visit my website:
http://www.supersonicsquirrel.net

Credit Today Awards 2007 http://www.credittoday.co.uk/awards/winners.htm
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