Before I entered an iva in 2011 but my company went into receivership in 2001 the bank the company used was HSBC it and it has been brought to my notice recently by the bank, that the account was never closed and a overdraft was still owing since 2001 I have been paying charges and interest since 2001 What happens next
Being a debt of the company it wouldn't have been included in your personal IVA and so the accrued debt now is a matter for discussion between you and the bank. It should have been closed down when the company went into receivership. Maybe get hold of the OR and see if they can sort it out, as they should have done back then.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
