Can I be director of ltd co whilst in an IV A?

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adrian.p

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Post by adrian.p » Mon Jul 14, 2008 10:35 am
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Hi there,

Can I be a director of a ltd company whilst still in an in an IVA ?
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MelanieGiles

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Post by MelanieGiles » Mon Jul 14, 2008 10:39 am
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Hi Adrian and welcome to the forum

Yes you can definately remain a director of a limited company whilst you are in an IVA. Is the limited company one under your direct control - ie you own more than 50% of the shares, and does it produce your income? Also if you shares have any value, they will have to be included in the statement of affairs as an asset.
Regards, Melanie Giles, Insolvency Practitioner
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