I'm on an IVA that'll be completed in 4 years time. I've been offered shares at work (the company hasn't floated yet) and these will remain unvested until I've completed another 3 years' unbroken work with the company. They are currently worth nothing and there's no confirmed date when the company will be floated on the stock market. Would accepting them have any effect on my IVA?
No idea about this but you do need to speak to your IP to see if this acceptable.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
hi neil and welcome to the forum. Like Jan I've no idea about this but maybe one of our other posters will know or as Jan says your IP is best placed to offer case specific advice. All the best. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
hi ,yes they will need to be declared as i think they are classed as an asset ,and any payments from them during your iva would be classed as a windfall ,hope this helps [;)]
The shares will become a windfall when they have vested - ie in three years time, so the right thing to do is to tell your IP now so that they can diarise a review at the appropriate time.
