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Posted: Thu Jul 17, 2008 8:26 pm
by single_mum
hi - me again, just thought of something else... My son (age 7) has a savings account with Abbey [one of my creditors] which I'm signatory and trustee on. Will I have to relinquish my trustee status on this account, and even move it to another bank/building society?
Many thanks

Posted: Thu Jul 17, 2008 8:43 pm
by MelanieGiles
If you are thinking of entering into an IVA, your son's account will be safe from your creditors and you can continue to act as a Trustee.

Posted: Thu Jul 17, 2008 10:08 pm
by single_mum
Thanks ever so much for the advice