Business accounts

[ianmillington]

I couldn't possibly comment. However, you may well see advantages of using a firm where you can pop in at fairly short notice if something is worrying you.

ian

[littleted]

1 more question!!
Have just been accepted for a business account with Natwest. Will I encounter any problems with them once I am actually in the Iva, as previous posts have said that they close accounts, does this include business ones, and if I don't tell them how will they know?

[MelanieGiles]

I am not aware of Nat West having a policy of closing accounts - but if you are worried in any way that this might happen then it would be best to sound them out in advance.

And there should really be no need for the IP firm to be charging £150 per hour just to appraise your situation. If Ian or I were to adopt that policy, we would probably not stay in business too long. And do make sure you enquire what experience this firm has of the IVA market - as if they only do a few IVAs a year (I suspect this to be the case due to their charging policy) they may no be so aware of the current creditor voting criteria and what is likely or not likely to be acceptable.

[littleted]

They charge £150 per meeting, the first being free. Have checked out their website and my accountant is a good 'contacts' man down this part of the world. The IP has been practising for a lot of years and specialize in businesses in my position. Will let you know of my experience.

[BECKY]

Natwest are who I moved to pre iva and Ive had no probs at all.That was over 20 months ago so I think I would have heard by now if they intended to close my acc due to iva.

[ianmillington]

Clearly if you owe any money to them then they will close it. Also the position might be a bit complicated because you need to use Streamline (at least that what I think it is) but so long as you keep yourself on the straight and narrow things should be OK.

Ian