a company director after applying for an I V A ?

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anne.m

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Post by anne.m » Fri Aug 15, 2008 1:06 pm
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Is it possible to be a company director after applying for an I V A ?
( This enquiry is not for me)
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MelanieGiles

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Post by MelanieGiles » Fri Aug 15, 2008 1:57 pm
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Hi Anne and welcome to the forum

Yes you can act as a director after applying for an IVA, but the person concerned would need to advise their IP of this new appointment.
Regards, Melanie Giles, Insolvency Practitioner
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Blair Endersby

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Post by Blair Endersby » Fri Aug 15, 2008 2:04 pm
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anne
there is no legal bar to being a director and in an IVA but the person would need to look at the contract and the articles of the company as there may be a restriction there that prevents a director being in an IVA or making a compromise with their creditors.
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MelanieGiles

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Post by MelanieGiles » Fri Aug 15, 2008 6:54 pm
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The Articles could be easily changed to amend this point if it was an issue.
Regards, Melanie Giles, Insolvency Practitioner
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