Assets put in other peoples name

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geoffrey475

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Post by geoffrey475 » Thu Jul 30, 2020 9:50 am
If an iva has finished but assets were put in other people's names so they wouldn't be taken in to account would the relevant people persue the original moneys owed tnx

kallis3

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Post by kallis3 » Thu Jul 30, 2020 10:05 am
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

Foggy

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Post by Foggy » Thu Jul 30, 2020 10:16 am
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
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