business have to go into voluntary liquidation?

[sba]

I/we have been given notice to leave our rented house. Would IVA affect my new tenancy as a named Tenant? The agents involved in a property we are viewing don't look into experion only require references and proof of income etc. As an individual would I continue to operate finances with at least 1 bank account? As a company director would my business have to also go into voluntary liquidation?

[MelanieGiles]

Hi there sba and welcome to the forum

If you are going to need to look for a new property to rent, the landlord may well carry out a credit check so this could affect you.

If you are going to be entering into an IVA, you are allowed to hold a bank account but this should not be with a bank to whom you already owe money.

Your business will not need to go into liquidation so long as it is not insolvent as well, and you can continue to act as a director.