They could possibly do if they found out. It should not have been done in the first place.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
It depends on the amounts involved and the will of the IP and creditors involved. Depriving creditors of potential assets in insolvency amounts to fraud and action has been taken in the past for similar occurences.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk