Get expert opinion. This is the place for new questions to be posted.
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naos
- Posts: 7
- Joined: Wed Feb 18, 2009 6:46 pm
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Hi - not been on for a while, but have enjoyed reading everyone's posts.
I have a question with regard my current situation being in an iva.
I have been asked by a society that I am a member of to act as an honourary treasurer. This entails acting as a signatory on cheques that require 2 signatures - therefore being the chairman + me signing, or the secretary + me signing.
I would not handle any of the other account work, this would be done by the secretary.
Do you think I would be ok doing this? I wondered about the checks on the bank account, to be opened with 3 signatories - would this flag up my iva status?
Any help appreciated.
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Adam Davies
- Posts: 14596
- Joined: Thu Mar 29, 2007 12:21 pm
- Location:
Hi
It is very possible that the bank involved will credit check and your IVA will flag up. This may cause you some embarrassment.
I do not think that anything in your IVA would preclude you from being a treasurer but best run it by your IP
Good luck
Regards
Andam Davies
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Shining
- Posts: 27019
- Joined: Thu Sep 20, 2007 8:57 am
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All the best and do let us know how it goes as it will help others I'm sure x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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naos
- Posts: 7
- Joined: Wed Feb 18, 2009 6:46 pm
- Location:
Many thanks for the answer Andy.
Had a feeling that may be the case, so I will give it a miss.
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angelrainbow
- Posts: 1104
- Joined: Fri Aug 01, 2008 7:26 pm
- Location: United Kingdom
I am on The Committee for a local charity and I know that, according to our constitution (which I wrote!) anyone insolvent was not allowed to be Treasurer or be a Trustee of the Charity.
Do you have a consitution or written poicies or procedures for your society which covers these matters?
Completion Certificate received September 2012.
