It will depend on the nature of the grants and the business status but, in any event, will need to be discussed with your IP.
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
An IP is an Insolvency Practitioner who will be named as supervisor to your arrangement. In practice, though, these days you rarely have contact with them and are usually dealt with by office admin.
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