will an iva effect my business

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dave_b37

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Post by dave_b37 » Thu Mar 12, 2009 7:34 pm
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will an iva effect my business
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kallis3

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Post by kallis3 » Thu Mar 12, 2009 7:36 pm
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Hi,

As long as you can make the IVA payments as well as your normal household bills, then I don't think your business will be affected.
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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emma_t

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Post by emma_t » Thu Mar 12, 2009 7:53 pm
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Hi and welcome to the forum[:)]

Your IP should be able to advise you relating to your individual business.

As Jan says I think its fine, but check with a professional who knows your circumstances[:)]
Be positive & look after yourself, there are more important things in life than debts....

Best Wishes

Emma x
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Adam Davies

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Post by Adam Davies » Thu Mar 12, 2009 8:11 pm
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Hi
Unless you are a limited company your business debts would have to be included in your IVA so this may well affect your ability to trade.
Regards
Andam Davies
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David Mond

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Post by David Mond » Fri Mar 13, 2009 8:10 am
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Have a chat with an IP and give him/her all your circumstances and particulars. Visit www.iva.com for reviews on IP's and select one or two to have a chat with. Their advice is free.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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