Thanks for your insight Michael. I put it to them regarding my self employment and my future plans but they haven't come back to me yet. Let me wait for their response until the end of the week as I prepare myself to speak to another IP for another opinion.

Kaza100 how long did it take you IP to have your creditors meeting date set? Mine seem to be taking ages.

Melanie, the company derives an income but on a regular basis. Over the past three months I was able to make £4000. The future of the company looks dim though. The IP advised that because I am unemployed the creditors might reject the notion that it is only my wife who will be working to pay off the...

I am a director of a Limited Company. I have been on a roll coaster for a while now. While submitting my proposal I was in the process of closing it down and claimed that I was unemployed. But after learning that my application might be rejected I have suspended the closure and plan to continue trad...

Thanks Melanie. Yeah the loan is included in the iva but my fear is whether creditors could ask for it to be sold in case they feel that my outgoings are being eaten up by fuel, mot, and road tax?

Melanie, my car is not a high purchase but received a bank loan to finance it. I have so far paid 3/4 of the loan so far. However I am worried that creditors might request that I sell it off. Is this possible