Will my bank freeze my business account ?

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R24

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Post by R24 » Wed Aug 13, 2008 4:33 pm
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WILL MY BANK FREEZE MY BUISNESS ACCOUNT EVEN THOUGH I HAVE NOT INCLUDED IT IN MY IVA
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Viki.W

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Post by Viki.W » Wed Aug 13, 2008 5:25 pm
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Hey R24, welcome to the forum. Is your business account with one of your creditors?
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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R24

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Post by R24 » Thu Aug 14, 2008 9:14 pm
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Yes it is with HSBC
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pixie

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Post by pixie » Thu Aug 14, 2008 9:27 pm
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Hi r24 and welcome
Is your business account a personal liability account or a ltd company account?
Pixie
'Welcome to where ever you are, this is your life you've made it this far, welcome, you've got to believe right here right now is exactly where you're meant to be'
IVA started may 07 ended dec 08
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MelanieGiles

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Post by MelanieGiles » Thu Aug 14, 2008 10:04 pm
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Good question from Pixie - the answer to which is crucial to being able to advise you appropriately.
Regards, Melanie Giles, Insolvency Practitioner
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R24

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Post by R24 » Thu Aug 14, 2008 10:33 pm
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Hi, it is a personal liability account
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MelanieGiles

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Post by MelanieGiles » Thu Aug 14, 2008 10:36 pm
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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?
Regards, Melanie Giles, Insolvency Practitioner
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