How would a IVA affect my husband's business

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jocelyn.p

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Post by jocelyn.p » Thu May 08, 2008 9:26 pm
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Me and my husband have built up a large amount of personal debt of £84,000,i have had to give up my job of over £35,000 a year and can no longer afford the repayments. But my husband has a very strong growing business with no debt. How would a IVA affect the day to day running of his business
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MelanieGiles

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Post by MelanieGiles » Thu May 08, 2008 9:29 pm
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Hi jocelyn and welcome to the forum

I assume that both of you would need to enter into IVAs with your creditors, so this should not affect your husband's business at all so long as the income generated from that was sufficient to offer a reasonable IVA payment each month.
Regards, Melanie Giles, Insolvency Practitioner
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