my wife invested 40k into a pub business in feb of this year, we were seperated at the time as she had bought me out of her off license.in march, i invested my payout money of 25k, the pub is failing both our mortgages are 3 months in arrears, and everybody after money. will an iva help us get out of what we think is serious mess
An IVA may be one option for you, but there will be others which might be more suitable, and it is impossible to advice you accurately on this type of forum.
As you are both self-employed, you would need to see an IP on a face to face basis, but I could definately recommend this as being a worthwhile exercise, to give you the ability to find out the advantages, disadvantages and implircaions of all options - as well as to get advice on whether to continue trading or not.
