employed and director of a business

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mark e

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Post by mark e » Thu Jun 19, 2008 10:29 pm
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I am employed and I am a director of a business, although I'm not taking any salary from the business,I do hope in 12-18 months, I may be in a position to take a small salary from the business, is this something I could do once in a IVA?
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MelanieGiles

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Post by MelanieGiles » Thu Jun 19, 2008 11:02 pm
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Hi Mark and welcome to the forum

Once you are salaried and can demonstrate a regular income, you would be eligible for an IVA, but how will you fund your creditor repayments in the meantime?
Regards, Melanie Giles, Insolvency Practitioner
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