Can money from mature endowment be taken after completion certificate received ?

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Johnd0259

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Post by Johnd0259 » Fri Jan 30, 2015 7:05 pm
FAF offer accepted in November & completion certificate received. I have an endowment policy which matures in March & the only mention of this in the IVA agreement is that it's under the heading "assets not specifically pledged" . Can they still take this money?
 
 

luluj

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Post by luluj » Sat Jan 31, 2015 4:33 am
No i don't think so but best to wait for one of the experts to respond
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Michael Peoples

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Post by Michael Peoples » Sat Jan 31, 2015 4:05 pm
It really depends on how the endowment was treated. If it was excluded then there is nothing else to be done. I would be surprised if it was not excluded otherwise it would have been surrendered by now.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
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Adam Davies

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Post by Adam Davies » Sat Jan 31, 2015 6:10 pm
Hi

Agree with the other posters, it is safe but I am surprised that it didn't form part of your IVA agreement

Regards
Andam Davies
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