director of company and private schooling in IVA?

4 posts Page 1 of 1
Post Reply
 
 

h.s

User avatar
Posts: 1
Joined: Thu Aug 07, 2008 12:57 am
Location:
Post by h.s » Thu Aug 07, 2008 12:58 am
Quote
If i make an IVA are you allowed to stay as a director of a company and are you allowed to send your child to a private school. Also what about credit cards?
Thanks
Top
 
 

drowning-mummy

User avatar
Posts: 246
Joined: Fri May 16, 2008 11:39 am
Location:
Post by drowning-mummy » Thu Aug 07, 2008 1:01 am
Quote
Hello and Welcome,
I believe that you can be a Director, but a big no-no to credit cards. In fact no credit of any kind. As for Private schooling, I would guess no, but I really don't have a scooby!

Keep posting. Forum is full of invaluable advice within minutes.
"Theres always time to fly a kite....."

Visit my blog:
http://drowningmummy.blogs.iva.co.uk/?p=3
Top
 
 

pixie

User avatar
Posts: 741
Joined: Tue May 22, 2007 11:51 pm
Location: United Kingdom
Post by pixie » Thu Aug 07, 2008 1:14 am
Quote
Hi h.s and welcome. as dm says, director yes, credit cards big no! As for private schooling this could be built into the iva but your creditors would need to agree. Your ip could make a case for this being a necessity in order not to disrupt the childs education.
Pixie
'Welcome to where ever you are, this is your life you've made it this far, welcome, you've got to believe right here right now is exactly where you're meant to be'
IVA started may 07 ended dec 08
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Thu Aug 07, 2008 1:37 am
Quote
Creditors are generally not supportive to private education, unless your child is at a critical stage - ie in exam year. You can remain a director of a limited company, as the other posters have mentioned.
Regards, Melanie Giles, Insolvency Practitioner
Top
Post Reply
4 posts Page 1 of 1
Return to “postings for august”