www.iva.co.uk

Hi there.
I am in the process of completing a lump sum iva.
After a lot of forms and correspondence I have the proposal to return. I have declared everything except some shares .
Should I declare them now? Could they find out about them? And if I declare them at this late stage will they think I'm being underhand in some way or is this oversight and then 'owning up' a good thing?
Many thanks.

Yes

Disclose them in the proposal, before it goes out.

If they are of negligible value or you need to retain them for some reason (eg they are shares in a family company)then disclose them and exclude them.

Non-disclosure isn't a valid option I'm afraid.

Ian

Investors in shares also often seek to invest in shares yielding dividends.
If you had such shares and had not declared them prior to the proposal being circulated to your crediotrs, it's more than likely that they will be discovered at a later date in any event.
You will not be thought of as a villain for declaring them now. What happens to those shares will probably be determined by their value (Which might be a little less after today). If there is a material amount involved then your creditors might not agree to their exclusion.
Full disclosure is a very good thing, in my opinion