Page 1 of 1
Posted: Wed Jan 16, 2008 12:26 am
by john5
Can you get an iva on business debts even if you are a sole trader
Posted: Wed Jan 16, 2008 12:28 am
by MelanieGiles
Hi John
Absolutely - this is exactly what IVAs were first set up to do in the mid 1980's. What business are you in and how much do you owe to unsecured creditors?
Regards, Melanie Giles, Insolvency Practitioner for over 20 years.
To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp
See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Posted: Wed Jan 16, 2008 11:43 am
by iva experts
Hi John,
Your business debts can be included as a sole trader, if you were a Ltd Company this would not be able to be done as the debts are the company's.
One thing I would be careful about is debt to any suppliers you may have, as putting this in an IVA will completely ruin the business relationship once had.
Best Regards,
IVA Experts
http://www.iva-experts.co.uk/
Posted: Wed Jan 16, 2008 6:39 pm
by Adam Davies
Hi
This is a very important point made by IVA experts,your business debts[overdraft,business creditors] will have to be included within your IVA so you will need to be sure that your business can still operate if you enter into an IVA.
Regards
Andy Davie
IVA.co.uk Spokesperson and Website Manager
About me:
http://www.iva.co.uk/andy_davie_profile.asp
IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp