Hi ray and welcome to the forum If your future business plan is uncertain, then an IVA is not for you at the moment, unless you have some way of replacing your income in the short term - such as finding paid employment. If this is not the case, you may feel that bankruptcy proceedings are a better ...

I am currently applying for an IVA (as I own my own business) however this business is looking close to folding, would I be better going bankrupt (I currently owe £38000 personally) dont own my own home or have any reasonable assets etc