In answer to your question 6. whether an IVA would impact a job in the financial services industry.
I presume because you are studying Ce-MAP you will be seeking a position allowing you to give advice on regulated first charge mortgages and general insurance. The FSA handbook states that a person must have financial soundness to give advice
FIT 2.3 Financial soundness
FIT 2.3.1 In determining a person's financial soundness, the FSA will have regard to any factors including, but not limited to:
(1) whether the person has been the subject of any judgment debt or award, in the United Kingdom or elsewhere, that remains outstanding or was not satisfied within a reasonable period;
(2) whether, in the United Kingdom or elsewhere,
the person has made any arrangements with his creditors, filed for bankruptcy, had a bankruptcy petition served on him, been adjudged bankrupt, been the subject of a bankruptcy restrictions order (including an interim bankruptcy restrictions order), offered a bankruptcy restrictions undertaking, had assets sequestrated, or been involved in proceedings relating to any of these.
FIT 2.3.2 The FSA will not normally require the candidate to supply a statement of assets or liabilities. The fact that a person may be of limited financial means will not, in itself, affect his suitability to perform a controlled function.
An IVA will not stop you from taking an advisors job, but the firm employing you will have to be satisfactorily convinced that you are 'getting it sorted' and managing it correctly. If your IVA fails a firm is unlikely to employ you.
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