If someone is in an IVA can they set up a Ltd co.

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Clive.sr

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Post by Clive.sr » Wed May 11, 2011 4:12 pm
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If someone is in an IVA can they set up a Limited Company or do they need to wait until the IVA has finished?
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kallis3

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Post by kallis3 » Wed May 11, 2011 4:17 pm
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Hi Clive and welcome to the forum.

Not sure about this at all - hopefully one of our experts will be along with some advice shortly.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Drew

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Post by Drew » Wed May 11, 2011 4:45 pm
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Hi,

You would be unable to be a Company Director if you were bankrupt but in an IVA that shouldn't be a problem. It would be worth having a chat with your IP (assuming you are already in an IVA).


Regards,

Drew
CertDR Qualified
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kallis3

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Post by kallis3 » Wed May 11, 2011 5:02 pm
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If you're not already in an IVA Clive then I'd recommend that you speak to an expert.

Visit www.iva.com for a list of companies and reviews and give one or two a ring for some free and impartial advice.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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lokopaul

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Post by lokopaul » Wed May 11, 2011 7:28 pm
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i,ve already asked my ip this and the answer is definately yes, although you wont be able to get credit if its a new startup
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kallis3

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Post by kallis3 » Wed May 11, 2011 7:48 pm
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Good luck lokopaul - hope it works out for you - let us know how things are going.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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