Can I become a company director in an IVA

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ronald.n

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Post by ronald.n » Sun Jan 13, 2008 9:14 pm
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i have signed into an iva for approx £60.000
Can I become a company director
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aguise

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Post by aguise » Sun Jan 13, 2008 9:37 pm
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Hi Ronald and welcome. To the best of my knowledge you can be a company director in an iva but not in bankrupcy.
Wait for other answers though to confirm that I am right.

Ang

Please visit my blog at http://aguise.blogs.iva.co.uk/
Please visit my blog at http://aguise.blogs.iva.co.uk/
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MelanieGiles

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Post by MelanieGiles » Sun Jan 13, 2008 10:03 pm
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Yes - but you will need to inform your IP of this appointment, and if you are to also be a shareholder of the company, you will need to produce accounts each year as part of the annual review process.

Also make sure that you do not give any personal guarantees to limited company creditors without the permission of your Supervisor.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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ray_a

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Post by ray_a » Mon Jan 14, 2008 4:30 pm
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You may also have problems with banking arrangements as well.

This will depend on who the other directors are as well.
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