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Posted: Thu Mar 24, 2011 12:24 pm
by Frank.de
what happens if a company that is managing iva goes into liquidation.what happens to the money then.also what happens if a company has been paid up in full but then doesnt pay your creditors and goes bust.
Posted: Thu Mar 24, 2011 12:28 pm
by kallis3
Hi Frank,
What usually happens is that another company takes over the existing clients.
The money is quite safe as it is held in a different account and your creditors will be paid.
Don't worry.