I have checked and we are indeed personally guaranteeing the business overdraft - if we went ahead with an IVA and included our business overdraft in it it would mean that the Natwest would then have more than 25% of our debt - what are the implications of this?

Thanks for the reply - the account i am concerned about is our business one which we have in the name of our Limited Company and is the main source of our income and currently has an overdraft of £12,000 that we could not afford to move to another bank. Hi there, My husband and I are considering an ...

Hi there, My husband and I are considering an IVA after racking up substantial credit card debts over the past few years that we cannot make any headway in paying off. We are self employed though and I am concerned about our bank accounts. We have a personal account with small overdraft and a loan,...

Hi there, My husband and I are considering an IVA after racking up substantial credit card debts over the past few years that we cannot make any headway in paying off. We are self employed though and I am concerned about our bank accounts. We have a personal account with small overdraft and a loan, ...