My sister has offered me the capital needed to take advantage of a business opportunity

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Steven.dx

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Post by Steven.dx » Wed Feb 13, 2013 6:26 pm
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Im now in my IVA second year. A business opportunity has been offered to me but I obviously have no capital however talking it over with my sister she has offered to give me the capital needed.
How will my IP view this amount of money going through my account?
I dont want them thinking its some kind of free/hidden money that they will demand from me.
What is the best route for me to take with this opportunity?
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MerlinL14

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Post by MerlinL14 » Wed Feb 13, 2013 7:08 pm
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Speak directly with your IP and explain it before it becomes an issue that could cause a problem.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
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plasticdaft

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Post by plasticdaft » Wed Feb 13, 2013 8:29 pm
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An open and frank discussion with your ip and a clear paper trail would be the best route.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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MelanieGiles

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Post by MelanieGiles » Wed Feb 13, 2013 8:46 pm
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Presumably your sister's investment remains in her name, and thus the IVA is unaffected in any case?
Regards, Melanie Giles, Insolvency Practitioner
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