Page 1 of 1
Posted: Thu Jul 21, 2011 1:05 pm
by Kate.k8
Hi all just a quick question before we start with an iva. My childrens trust funds are currently with hsbc. We have a cc with hsbc we are going to have to include in our iva.
Will hsbc take our childrens trust fund money or cancel there trust fund with them? Will I have to move the trust funds to another provider?[:(]
Posted: Thu Jul 21, 2011 4:27 pm
by kallis3
Which name are the accounts in? If they're in yours then I would move them just incase.
Posted: Thu Jul 21, 2011 5:43 pm
by Kate.k8
they are in my childrens names and im the care of adresee
Posted: Thu Jul 21, 2011 5:57 pm
by kallis3
You may be ok - mention it to your prospective IP just to make sure.
Posted: Thu Jul 21, 2011 11:11 pm
by MelanieGiles
Those funds are held in trust and therefore cannot be taken by the bank to clear a debt in your name.
Posted: Fri Jul 22, 2011 5:15 pm
by kazzafunk
Good news from Mel there Kate!
Posted: Fri Jul 22, 2011 5:33 pm
by Kate.k8
yes that is good news! At least my children wont lose out!
Posted: Fri Jul 22, 2011 5:54 pm
by kallis3
Great news Kate.