Hi, Ive just opened a savings account after selling some trusts and bonds.

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Pauld3080

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Post by Pauld3080 » Tue Oct 11, 2016 9:33 pm
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Hi, Ive just opened a savings account after selling some trusts and bonds I was allowed to sell these but was given the condition that I must add to it as and when or forget about it I don't want to lose this through the IVA help please
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luluj

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Post by luluj » Wed Oct 12, 2016 3:30 am
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Were the trusts / bonds excluded from your iva in your proposal ? If they were then I am sure all will be fine, if not they may be deemed as assets and the proceeds should be given to your iva for benefit of your creditors.
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Foggy

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Post by Foggy » Wed Oct 12, 2016 7:51 am
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"Allowed to sell these" by who ? As Luluj asks ... were they declared to your IP when setting up the arrangement ?
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Michael Peoples

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Post by Michael Peoples » Wed Oct 12, 2016 8:45 am
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I am also a bit confused as these type of assets would normally be captured within an IVA. Can you clarify a bit more.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
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