Thanks for helping melanie but i'm sooo confused. you say 'Your son can be a director but not a shareholder if you like ' but then say both him and i can be shareholders?? I'm really confused now!!! Perhaps i need to be clearer. I have been self-employed for about 12 years. It's typical that jsut be...

Sorry - i'm still confused. So... INCASE i have to go down the bankcruptcy route, I SHOULD have my son as director and myself as secretary. then just have my son purchase a single share? Also, will i be able to be lsited as a director at a later date (after the IVA ends or Bancruptcy is discharged?)

I'm only jsut at the enquiry stage of IVA - have spoken to sompany who think IVA will be an option for me. My question is.... i'm self employed with my own company. I've been told by one of my suppliers that i need to beomce a ltd company and register with companies house (long story i will not bore...

Hi Sarah
I've jsut been accepted online for a steps account. I'm going to use my first direct until they tell me to sod off (and if they do) then i can use the steps account!! - trying to cover all the angles!!!

Hi laleanne1
I've only been told via this site that First Direct A.K.A HSBC will not tolerate IVA'ers !!

I'm trying Natwest as we speak!!

Thanks for your comments - but i'm still not sure what to do - it looks like using the first direct account will be a no. Obviously the IVA is a way to sort out my debts, but i need to open an account with a seperate bank to any of my old creditors. How then do i know who is what??? Or should i go w...

I have debts with MBNA, Egg, LLoyds TSB, Smile (co-op) Nationwide, Barclaycard,Citi, Capital One, plus a few small catalogue companies - these would be my creditors. I also have an account with First Direct which i have not used yet. If i go the IVA route then could First Direct be my bank - OR will...