'deminimis clause?' Please can someone advise me what this is ?

Get expert opinion. This is the place for new questions to be posted.
3 posts Page 1 of 1
Post Reply
 
 

Diane.sh

User avatar
Posts: 5
Joined: Sun Mar 16, 2014 9:51 pm
Post by Diane.sh » Tue Mar 18, 2014 11:19 pm
Quote
'deminimis clause?' Please can someone advise me what this is?
Top
 
 

Michael Peoples

User avatar
Industry Expert
Posts: 15189
Joined: Mon Nov 03, 2008 12:36 pm
Location:
Post by Michael Peoples » Tue Mar 18, 2014 11:35 pm
Quote
It relates to the equity release from your property and means that if less than £5k can be raised the property is excluded. Less than £5k is 'de minimis' or trivial and therefore ignored.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Wed Mar 19, 2014 6:48 pm
Quote
Not to be confused with having less than £5,000 in total, which according to this forum seems to be what some IP firms are telling clients.
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
3 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”