Page 1 of 1
Posted: Wed Aug 13, 2008 4:33 pm
by R24
WILL MY BANK FREEZE MY BUISNESS ACCOUNT EVEN THOUGH I HAVE NOT INCLUDED IT IN MY IVA
Posted: Wed Aug 13, 2008 5:25 pm
by Viki.W
Hey R24, welcome to the forum. Is your business account with one of your creditors?
Posted: Thu Aug 14, 2008 9:14 pm
by R24
Yes it is with HSBC
Posted: Thu Aug 14, 2008 9:27 pm
by pixie
Hi r24 and welcome
Is your business account a personal liability account or a ltd company account?
Posted: Thu Aug 14, 2008 10:04 pm
by MelanieGiles
Good question from Pixie - the answer to which is crucial to being able to advise you appropriately.
Posted: Thu Aug 14, 2008 10:33 pm
by R24
Hi, it is a personal liability account
Posted: Thu Aug 14, 2008 10:36 pm
by MelanieGiles
Then it will need to be included as a liability in your IVA, and you will need to source a new account with a bank to whom you do not owe any money. If you are already in an IVA, why was this not disclosed in the proposal - or is the account perhaps in credit?