will an iva cause problems for my business

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nadine

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Post by nadine » Thu Oct 11, 2007 9:49 am
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will an iva cause problems for my business
whilst im trading
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mikebdomain

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Post by mikebdomain » Thu Oct 11, 2007 10:39 am
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Hi Nadine and welcome to the forum are you a sole trader or is your business a limited company or a partnership?

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Adam Davies

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Post by Adam Davies » Thu Oct 11, 2007 3:16 pm
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Hi
If you are a sole trader then all your business debts/overdraft will have to be included so yes it may cause you a problem.
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Andy Davie
IVA.co.uk Spokesperson

About me:
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BECKY

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Post by BECKY » Thu Oct 11, 2007 7:00 pm
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It depends what u mean by problems . Im a sole trader and all my business debts were inc in my iva a yr ago. I cant have a business credit card or overdraft but I can stii get credit on a month to month basis with my suppliers.Good thing is my account is now always in credit . One thing though if ur current business account is a creditor change accounts before u start ur iva as its nigh on impossible to get a business account when in an iva.
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