Arts & Literature0 min ago
IVA and Savings scenario
2 Answers
Consider this scenario:
Someone has had an IVA for, say, 6 months. They then come into some money (ie �1000) and decide to put it into a new ISA or savings account.
1. What would happen if this money was not declared to the people running the ISA?
2. Can they do checks and find out about the savings?
3. Would the person loose the money?
Someone has had an IVA for, say, 6 months. They then come into some money (ie �1000) and decide to put it into a new ISA or savings account.
1. What would happen if this money was not declared to the people running the ISA?
2. Can they do checks and find out about the savings?
3. Would the person loose the money?
Answers
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1) if they found out you had reneged on the terms of your iva, you would move onto bankruptcy
2)probably
3)most definately if found out
on top of all that, it is morally wrong ... the people who you owe money to have taken a cut in what you owe them because you are in a pickle and now you want to cheat them even more
2)probably
3)most definately if found out
on top of all that, it is morally wrong ... the people who you owe money to have taken a cut in what you owe them because you are in a pickle and now you want to cheat them even more
1 to 2 of 2
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