I am a sole trader. situation is much the same as you - debt has accumulated as the business has struggled during the recession. I want to sell the business but need to protect things why I try to do this and thought the IVA might be an option - if the business sells I can probably repay all debt.

Thank you so much for your response. I have spoken to someone locally but although I have been given some advice I don't feel entirely comfortable with the relationship. A spreadsheet has been created to look at the business viability but does need fine tuning. No mention had been made regarding the...

I have a business that is struggling. It has been suggested that I take out an IVA to ring fence the debts and protect me whilst I try to sell the business. I'd appreciate any advice pros and cons etc. I've been so tied up in knots over this and keeping the business afloat that I'm struggling to und...