Help with IVA please

Options
I am currently going through my 5 year IVA process and have about 14 months of repayments left to make!
However a situation has arose where I have been offered shares in a family business, basically my father is retiring and wants to give me his shares in the company! Can the company I have my IVA with claim any of the divened I recieve on these shares for this and next year??

Comments

  • Charco_2
    Charco_2 Posts: 1,677 Forumite
    Options
    Definitely yes...

    Plus the shares would have a value that you might be forced to cash in on!

    Just wait 14 months!
    Would you ask the wolves to look after the sheep?
    CCCS funded by banks
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343.6K Banking & Borrowing
  • 250.2K Reduce Debt & Boost Income
  • 449.9K Spending & Discounts
  • 235.8K Work, Benefits & Business
  • 608.8K Mortgages, Homes & Bills
  • 173.3K Life & Family
  • 248.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards