Told we have to sell Royal Mail shares bought with our savings and give all the profit to IVA.

[patty]

hahah!!! That's what my husband said Mark, but I wouldn't expect them to pay us the money back if the shares had of dropped in value. nice thought though

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Michael Peoples

You used your share of bonuses etc to buy these shares and these are excluded items from your IVA. It seems unfair to me that any profit from excluded items must go to creditors and this could mean that IPs can take the interest from the deposit account where you left your contingency money!

The shares could have dropped in value and do you really think creditors would give you your money back!!!!!

[patty]

Oh my word!! I have friends who are in an iva who have regular car-boot sales to sell their own property, can the IVA take that too?

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by Fletch2204

My car was defined as an excluded asset in my IVA, yet when I sold it I was made to hand over the funds as this was regarded as a windfall??

[Michael Peoples]

I disagree with Fletch's IP and your friends are fine with their car boot sale. In my opinion excluded assets are just that and cannot subsequently be included so I very much doubt if we would have tken Fletch's money.