I think it depends on what sort of licence it is - I forget which one you can't hold but one of the experts will be along to help.
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
I think it applies to an IVA as well but not 100% on that.
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
ST1100 is correct. You can hold a personal licence or be a designated premises supervisor but you cannot hold a premise licence. The licence will lapse and you can no longer carry on licenced trade so if you are considering an IVA you need that licence transferred first.
In many cases the premise licence is held by the brewery if it is a tenanted or licensed pub so there is no problem but if you have a corner shop then this could be serious. Make sure and use an insolvency firm with experience of the licensed trade.
Is this only whilst in the IVA or if you have EVER had one ?
My IVA is complete now, could I hold such a licence ?
My Blog details, the route I took before IVA, how I choose my firm, equity release advice (year 4-5), challenging the CRA's keeping IVA on credit file once gone from insolvency register
IVA ended August 2015. Would recommend McCambridge Duffy
I think it is during an IVA - once you have completed you should be ok.
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
It is only while you are officially insolvent so you can reapply once discharged. However there is no guarantee that a new licence would be granted post insolvency so it would be worth taking advice froma specialist lawyer should that ever arise.
