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 Is a health savings account safe from creditors?

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T O P I C    R E V I E W
sbs Posted - 28 September 2009 : 22:29:42
Is a health savings account safe from creditors?
1   L A T E S T    R E P L I E S    (Newest First)
Reviva UK Posted - 28 September 2009 : 23:49:06
Sorry I am not familiar with a health savings plan.

If it can be cashed in then the official receiver has a duty to realise assets for the benefit of thr creditors.

if it is an insurance type plan - with no value - then you are able to continue paying but it is excluded from allowabe expenses for the purposes of an Income Payment Agreement.

Paul Johns
Bankruptcy Specialists
Reviva UK
www.revivauk.com

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