Telling an IP about buying & selling cars whilst in an IVA

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Buc08
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by Buc08 » Thu Feb 15, 2018 4:28 pm
do you have to tell IP if you buy and sell cars during insolvency?
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Foggy
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by Foggy » Thu Feb 15, 2018 4:31 pm
You have to keep your IP informed of everything financial. The car will possibly be an excluded asset, but it's sale might be deemd a windfall, depending on the amounts involved.
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kallis3
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by kallis3 » Thu Feb 15, 2018 8:02 pm
Is it a business?
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