can you still start up a company in an iva?

[paul.r]

can you still start up a company and open a bank account once you have entered into an iva?

[MelanieGiles]

Hi paul and welcome to the forum

Yes it is entirely possible to incorporate a limited company whilst you are in an IVA, however you may find it difficult to find bankers for a fledgeling company if you are personally insolvent. I suggest that you have a word with your current bank to see if this is possible.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[ray_a]

Hi Paul

It is very difficult to open a business bank account as banks treat limited company bank accounts differently.

If you are using the limited company route it might be preferable to either have family memebers who have no financial problems as co directors or just use a basic account.

This is something that needs to be looked into by the banks and one would have thought there could be a basic business account!