Does an IVA cover business debt

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jane.rs

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Post by jane.rs » Tue Dec 02, 2008 12:11 am
Does an IVA cover business debt?
Which company would you recommend I use?
 
 

MelanieGiles

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Post by MelanieGiles » Tue Dec 02, 2008 12:25 am
Hi Jane and welcome to the forum

I can only advise you that an IVA will and should cover any business debt, so long as this relates to either a sole trader or partnership business. If your business is a limited company, then the debt will remain with that entity unless you have personally guaranteed any of it.

I cannot recommend a company to you, as I am an IP in practice myself, but why not have a look at www.iva.com which provides feedback on all IP firms for you to review.
Regards, Melanie Giles, Insolvency Practitioner
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