I know someone who is hiding £10,000's from an IVA
Posted: Fri Mar 16, 2018 11:36 am
Can anyone help with this question?
I know someone who entered an IVA a couple of years ago, deliberately built up debt but hid tens of thousands of pounds in his girlfriends bank account. He had a company that went bust and he was banned from being a director for 7 years, but before then, he set up another company in his girlfriends name and carried on, wiping out all his business and personal debt whilst at the same time hiding all his money.
There is so much now he is buying a new house in cash, has bought another business to open separately and is bragging about it having 100's of thousands of pounds spare. All the while pretending he didn't live with anyone (despite them having a child together) and still not paying his debts off.
The question is, how is this legal and if it isn't, who is it reported to?
I know someone who entered an IVA a couple of years ago, deliberately built up debt but hid tens of thousands of pounds in his girlfriends bank account. He had a company that went bust and he was banned from being a director for 7 years, but before then, he set up another company in his girlfriends name and carried on, wiping out all his business and personal debt whilst at the same time hiding all his money.
There is so much now he is buying a new house in cash, has bought another business to open separately and is bragging about it having 100's of thousands of pounds spare. All the while pretending he didn't live with anyone (despite them having a child together) and still not paying his debts off.
The question is, how is this legal and if it isn't, who is it reported to?