Hi,
During my IVA I mined a few bitcoins, seeing as I couldn’t really afford to have much of a social life. Back then the values were pennies but now they have gone up so much. I never declared these as they were worth less than £2. I have completed my Iva but could they come after me for a portion of the bitcoin money?
Got married two months after i completed! Building my life back up again but still staying on here to support all those who helped me in my times of need!
As these cryptocurrencies were "purchased" during the IVA, with money from your allowances and were, then, penny shares status, I doubt they would have been interested and probably wouldn't even know about them if you cashed them now --- if, indeed, you can cash them in -- has anyone actually realised real cash dollars from them at current rates, apart from those at the top ? In any event, I would have thought that they would have been only entitled to the face value when the IVA ended -- which, again, would not have been an astronomical figure at that time.
Caveat: All guesses and conjecture as the rise in cryptocurrency is a new phenomenon and how they are to be dealt with hasn't been tested.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
